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what are the reasons for

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Posted: Wed Feb 04, 2009 2:34 pm   Post subject: what are the reasons for   what are the reasons for closing an insurance company?	kharla New member Joined: 04 Feb 2009 Posts: 1 1.23 Dollars($)
Posted: Wed Feb 04, 2009 11:17 pm   Post subject:    Economy, bankruptsy, not enough business in that area..could be a million resons.	fireyone Senior member Joined: 07 Jan 2008 Posts: 1993 2.31 Dollars($)
Posted: Thu Feb 05, 2009 9:06 am   Post subject:    Even too much of claim pay-out can also provoke an insurer to close down business in an area. Recently, we have experinced such things to happen in the hurricane affected areas. Also an insurer may decide to stop writing one particular type of coverage if it causes too much loss, for example- the insurer may decide to stop writing auto policies in a particular region owing to an increase in car theft. ~Jeremy	JeremyHolter Senior member Joined: 06 Jun 2007 Posts: 1194 210.30 Dollars($)

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