Liquidation of Insurance Company

The insurance industry has been affected by the property and general insurance companies. These make up a high percentage of the liquidated companies for the past 20 years. Often, the high-ranked sell policies owner was hit almost overnight by the ravages of time. Postcodes whole, metropolitan areas, states were declared disaster areas. Accidents reserves were quickly depleted, along with the future of the insurance company. Just look at the amount of damage fury of Hurricane Katrina put people and insurance companies. Only a few years before Hurricane Andrew left his mark in Florida.

The way in which the sales of insurance policies were sold not single out a particular method .. Businesses in difficulty can not be identified with the distribution of its insurance products. There are a variety of different ways in which the policies were sold. Some were only available directly from the home office. In other cases, the home office used direct mail to solicit new business. There were insurance companies that had a base of captive agents to sell and distribute its policies. Under different political circumstances were sold by independent agents and brokers. Other large companies used a combination of distribution channels.


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