GL/PL Rates went up!
GL/PL Rates went up!
(OP)
Is there a trend (I'm new to the business) of the Professional Liability/E&O insurance going triple what it was last year in California? I'm trying to find out, but because our next renewal is far away, no one wants to give us quotes! I've not been able to find any easy-info sites to help me get an answer to this. Anyone here able to help? Thanks!
Cate@aessoil.com
Cate@aessoil.com





RE: GL/PL Rates went up!
I don't understand. When times are good and claims are low, insurance companies take our premiums readily; we get no rebates or reductions. When times are bad and claims are up (like after 9/11), everyone's premiums go up even if not involved in the "problem." Doesn't sound like much risk for the insurance companies when they can just "surcharge" everyone for the big losses of a few. Why do we have to pay twice? Where are the insurance companies' deep pockets when we need them?
RE: GL/PL Rates went up!
Look at the stock market trends in comparison to premium increases. Premiums go up when the stock markets are down -
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RE: GL/PL Rates went up!
RE: GL/PL Rates went up!
RE: GL/PL Rates went up!
RE: GL/PL Rates went up!
Check it out.