Hi,
I just found out from my insurance carrier (Marsh -- the E&O for less), that if I write a policy with a company and they go under, then the insurance doesn't cover that at all. I've checked around and have found some companies that will cover a company that goes down IF they were A or better when the business was written. I've found one company that will cover some specific companies that a particular FMO has down to a B++ but only for the defense (rationalle that state insurance funds would cover rest, but really!).
Does anyone know of an E&O carrier that would cover down to a B+ or better at the time business is written. I'm thinking about annuity and LTCi companies here.
Thanks,
I just found out from my insurance carrier (Marsh -- the E&O for less), that if I write a policy with a company and they go under, then the insurance doesn't cover that at all. I've checked around and have found some companies that will cover a company that goes down IF they were A or better when the business was written. I've found one company that will cover some specific companies that a particular FMO has down to a B++ but only for the defense (rationalle that state insurance funds would cover rest, but really!).
Does anyone know of an E&O carrier that would cover down to a B+ or better at the time business is written. I'm thinking about annuity and LTCi companies here.
Thanks,