- 322
As I source E&O for my agency...a non admitted carrier if they went insolvent would not be subject to the state gaurantee fund. The quote I have is with Admiral Insurance company (a berkley company) with an A+ rating and a Financial Size Category: XIV
I'm guessing they just dont go through the hoops of becoming admitted in every state...and also semi safe to assume with a great rating they are'nt going belly up.
Would that be a concern to you? If they went belly up, could I not go to another carrier and request continuous coverage
I'm guessing they just dont go through the hoops of becoming admitted in every state...and also semi safe to assume with a great rating they are'nt going belly up.
Would that be a concern to you? If they went belly up, could I not go to another carrier and request continuous coverage