Captivating Thinking

I’m suing my insurance company

“You’re what?”

“You heard me, I’m suing my insurance company.”

“I had a loss, and it’s definitely covered on my policy… but my insurance company is playing games

No, this isn’t a typo.  “EXCLUSE ME?” is an appropriate response when your business has a loss that you expected your insurance to cover, but an unexpected policy exclusion results in your claim being denied.  This is a truly helpless

Captive International recently published an article by CIC Services’ Director of Operations, Nate Reznicek, ACI titled: “The Sky Isn’t Falling and Risk Pools Aren’t Dead.”  In his article, Nate examines the recent Avrahami and Reserve Mechanical

I’m sure you’re familiar with the expression, “All give and no take.”  This reminds me of conversations I have had with CFOs and Risk Managers through the years.  More than once, I’ve been told about insurance costs rising year after year despite few or no claims.  To paraphrase their frustration, “Years and years of premium payments are simply rewarded with rate increases next year… when will our good track record pay off?”   I’ve also had my ear bent by complaints about staggering rate hikes after a loss.  The same theme rang true: Where is the reward for years and years of payments with no losses.  “After years of paying premiums, we had a loss and our rates skyrocketed…WHERE’S THE LOVE?”