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After spending 5 years in my brother's body shop, I am back with an Insurance carrier that is expanding PL into new states pretty rapidly. We've been in one state since 1972. We're launching in Ohio this year and have plans to be in about 4-5 more in 2018, and in 25 states by the end of 2020.
On the issue of compliance, I have a meeting on Friday to brainstorm for the strange/odd/unique laws and requirements we need to research as we move forward. Things like:
Mine Subsidence and other coverages as a required offering
Total losses being valued on "greater of" rather than "lesser of" terms
Some states don't allow animal exclusions or sublimits
Contributory negligence statutes where even 1% liability means you pay half, if not all of a claim
Please tell me, what's one detail about your state's coverage that you know or think requires special forms or claims handling in your state.
Ready...Set....Go!!
On the issue of compliance, I have a meeting on Friday to brainstorm for the strange/odd/unique laws and requirements we need to research as we move forward. Things like:
Mine Subsidence and other coverages as a required offering
Total losses being valued on "greater of" rather than "lesser of" terms
Some states don't allow animal exclusions or sublimits
Contributory negligence statutes where even 1% liability means you pay half, if not all of a claim
Please tell me, what's one detail about your state's coverage that you know or think requires special forms or claims handling in your state.
Ready...Set....Go!!
