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#1
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Tangent-But important
Dear Drivers,
I was talking with an insurance broker and when I mentioned that I have Life insurance with CNA, he replied that they may be out of business. Here I was faithfully mailing my monthly payments and somebody was telling me that it may be a black hole. I went to the AM Best site to check it out and sure enuf...the outlook for the company was negative. So, I am passing on this info: Go to www.ambest.com and sign up (top right) at no cost. You can check out the Insurance companies that you are making payments to...Hopefully, they will all be A++ Peter |
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#2
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That's scary that you could have been sending money to a company from
which you would be unable to recieve any real benefits. |
#3
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The Office Jet wrote: > That's scary that you could have been sending money to a company from > which you would be unable to recieve any real benefits. I would hope that they use reinsurance to insure the policy against bankruptcy. Does anyone know? |
#4
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I think they would have to use reinsurance. it's just scary to realize
how little control you really have over something like that. I imagine it would be a hassle to get everything straightened out with the reinsurance company. |
#5
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Furious George wrote: > The Office Jet wrote: > > That's scary that you could have been sending money to a company from > > which you would be unable to recieve any real benefits. > > I would hope that they use reinsurance to insure the policy against > bankruptcy. Does anyone know? Yes, and yes. Always ask the Bankruptcy Guy. -- Ol' C.R. |
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