How can many and large claims negatively affect an insurance agency?
remember, an insurance agency not an insurance company, there is a big difference.
insurance best answer:
Answer by mbrcatz
Well, one large claim - or two - is going to affect the contingency payments - the profitability ratios. Most agencies get "overrides" when the loss ratios for a book of business are under 50%.
But a lot of claims, and high loss ratios, will result in their contracts being cancelled with the insurance companies. Which will put you out of business. It means you're writing junk business, or not underwriting properly, or being less than honest on your applications.
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Big insurance: Sick of it health care reform rally
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near the offices of Anthem Blue Cross
moveon.org
healthcare.barackobama.com
healthcareforamericanow.org
www.healthcareforallnow.org
www.billionairesforwealthcare.com
www.peninsularaginggrannies.org
Documentary on the Raging Grannies
www.peninsularaginggrannies.org/Raging_Grannies/The_Grann...
The Waiting Room, a documentary on Highland Hospital in Oakland which is posting short videos during production
whatruwaitingfor.com
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