Looking to Start P&C Company

[rockstar42]

Hello I am new here.

I have been doing a lot of reading and research but cant find all the answers I am looking for. I am located in Missouri and I am thinking of opening a Company from the ground up. I want to offer my own rates and coverage. I would prefer not to broker for other companies.

Has anyone done this? Or does anyone know what Missouri requires?

 

[xrac]

Hello I am new here.

I have been doing a lot of reading and research but cant find all the answers I am looking for. I am located in Missouri and I am thinking of opening a Company from the ground up. I want to offer my own rates and coverage. I would prefer not to broker for other companies.

Has anyone done this? Or does anyone know what Missouri requires?

Do you have deep, deep, deep pockets?

 

[Enosis]

Start here:
Department of Insurance

 

[tsagar]

Hello I am new here.

I have been doing a lot of reading and research but cant find all the answers I am looking for. I am located in Missouri and I am thinking of opening a Company from the ground up. I want to offer my own rates and coverage. I would prefer not to broker for other companies.

Has anyone done this? Or does anyone know what Missouri requires?

Hey, I've done just that. However, nowhere near Missouri or even USA! I established an automobile captive for a fleet owner in Asia. Still, can confirm that it is expensive and a lot of work.
! Capital adequacy, ri support, solvency margins, IT backbone all cost a lot. While I can't comment specifically on the requirements of your state, would be happy to offer generic assistance.

 

[Guest]

Hello I am new here.

I have been doing a lot of reading and research but cant find all the answers I am looking for. I am located in Missouri and I am thinking of opening a Company from the ground up. I want to offer my own rates and coverage. I would prefer not to broker for other companies.

Has anyone done this? Or does anyone know what Missouri requires?

Have about 1500 more beers and smoke about 500 tons more weed...........

 

[Denise509]

Hello I am new here.

I have been doing a lot of reading and research but cant find all the answers I am looking for. I am located in Missouri and I am thinking of opening a Company from the ground up. I want to offer my own rates and coverage. I would prefer not to broker for other companies.

Has anyone done this? Or does anyone know what Missouri requires?

A lot of $$$ and getting the department of insurance to accept your company.

 

[rockstar42]

Can anyone speak to the amount of deep pockets? $500,000 or $10,000,000. Just looking for a ballpark.

Thanks

 

[FL P&C Broker]

More towards the $10mil range. Then you have to purchase software, hire underwriters, hire marketing staff, etc. File your rates with state...if your company gets approved.

 

[rockstar42]

More towards the $10mil range. Then you have to purchase software, hire underwriters, hire marketing staff, etc. File your rates with state...if your company gets approved.

Ok I had about $5,000,000 as my guess and cap.

Whats a good plan B? I am a financial advisor looking for a change and do not want to work for someone or be tied down to a company.

Thanks to all

 

[FL P&C Broker]

Find investors and a good retired executive to run the company.