- 1,581
Do non standard audo carriers care about loss ratios? I protect my preferred loss ratios big time & if I come across an account with poor credit, MVR or losses I won't place with my preferred carriers...I'll go to GMAC or progressive even if I have a preferred market. Older people...inner city...young drivers all go to them..
Now I don't write much nonstandard business but I still have about $250,000 with GMAC. That being said, my loss ratio with them is horrific...like 130% 2 years ago... 80% last year and this year's already off to a similar start. Now granted I have a small Book with them & I'm part of a group..but will they ever take issue?
I've never heard a word from the carrier rep & there's been like 5 since I got appointed. I still write mostly 50/100 - 100/300 and a majority are homeowners so I don't know what the deal is. It's definetly not a frequency issue, more so enough medium sized PD claims that add up.
Now I don't write much nonstandard business but I still have about $250,000 with GMAC. That being said, my loss ratio with them is horrific...like 130% 2 years ago... 80% last year and this year's already off to a similar start. Now granted I have a small Book with them & I'm part of a group..but will they ever take issue?
I've never heard a word from the carrier rep & there's been like 5 since I got appointed. I still write mostly 50/100 - 100/300 and a majority are homeowners so I don't know what the deal is. It's definetly not a frequency issue, more so enough medium sized PD claims that add up.
Last edited: