Motorcycle Insurance Rates Steady – Thefts Lower

Motorcycle Insurance Post Date January 29th, 2014 – People who steal come in all shapes and sizes. Further, they have a preference on the things they steal. Thieves whom steal vehicles just don’t steal cars, trucks and SUV’s.  In fact, some are not only attracted to cars at all.  In fact, if it were not for motorcycle thieves, there would not be motorcycle Insurance and Motorcycle Insurance Rates. Those whom are motorcycle enthusiasts have all types of interests when it comes to the type of motorcycles they own and ride. These two-wheeled vehicles do not come cheap and losing them to thieves can be a big loss if you have not bought Motorcycle insurance.

Motorcycle Insurance Rates are very low in comparison to the risk of ownership

Although the National Insurance Crime Bureau (NICB) recently reported a decline on the rate of motorcycles stolen in 2013 compared to 2012, but still the risk remains the same. Further the rates on Motorcycle Insurance have also remained the same. The NCIB reports a total of motorcycle’s stolen across the United States declined over 5% last year.

Motorcycles attract thieves for their value. They can range from hundreds of dollars to 10’s of thousands. Some motorcycles even cost $50,000 or more. Either a thief would sell the stolen motorcycle as a whole unit, or the bike would be stripped for its parts and used to reconstruct another motorcycle. The reason Motorcycle Insurance Rates are not in decline even though thefts are down – is the ease of a motorcycle to steal. Still Motorcycle Insurance Rates are still very reasonable.

More Japanese brand motorcycles topped the NCIB list with the most number stolen. Honda had the most with over 11,000 reported stolen.  Yamaha had nearly 9000. Suzuki follows the pack with a little under 7300. Kawasaki came in 4th with 5,000 motorcycles stolen.  The last and the most surprising is Harley-Davidson came in fifth with a little over 3,000 bikes stolen.

As to the states with the most number of motorcycle thefts, California is at the top of the list with nearly 6000 bikes stolen while Texas is # 2 with 4000. In the United States, nearly five hundred thousand motorcycle were sold in 2013. Regardless how much you spend on your motorcycle, it’s important to purchase motorcycle insurance. If you have not purchased motorcycle insurance in the past, you will be surprised how inexpensive it truly is.

Car Insurance Fraud Case Gets Women Jail Term

Car Insurance Fraud CasePost Date August 17, 2013 – Admitting that she defrauded New York auto insurance company, a Utica, N.Y. woman is sentenced to 27 months in prison and ordered to pay close to $1, 500,000.00 in financial restitution for the car insurance fraud case. The U.S. Attorney’s Office for the Northern District of New York identified the woman as Cynthia Morgan. She pleaded guilty on August last year that she conspired with her husband, David Morgan, along with three other people to commit mail and health care fraud seven years ago. The car insurance fraud case scheme involved staging a vehicular accident in Harbor Lock Road in Utica on March 20, 2006.

Car Insurance Fraud Case involves conspiracy 

Morgan claimed that she was injured when the van she was driving was struck by a truck driven by Michael Matrulli.  The van-truck collision did not happen and Morgan did not have any injuries.  The fake accident was planned and the car insurance fraud case involved her claiming to be injured and submitted false car insurance claims.  Aside from those no-fault benefits, she also filed a law suit for personal injury and permanent disability benefits.   She sought medical treatment for injuries that were non-existent or injuries that was not due to a car insurance incident.  Those medical benefits were paid  by Morgan’s Auto Insurance Company, Progressive Insurance Company. Morgan was also able to collect $108,000 in disability payments, and $30,000 from a settlement after she filed as a civil case to seek damages for what she claimed as personal injuries that were sustained due to the collision incident. InsureDirect.com has represented Progressive Insurance Company for nearly 21 years.  They are a superior car insurance carrier with some of the best rates on car insurance, motorcycle insurance, boat insurance and truck insurance.

When Morgan finishes up 27 months sentence, she will be placed under three years of supervision following her release.

Motorcycle Accidents More Frequent Than Car Crashes

Motorcycle AccidentPost Date October 9, 2012 –  The most recent data available for motorcycle accidents from the U.S. Department of Transportation shows fatal motorcycle accidents are more frequent to four-wheel cars and trucks. 58 in every 100,000 registered motorcycles have been involved in a fatal crash .  This is compared to only 13 in every 100,000 passenger cars and trucks. Although you may disagree with me, but these statistics alone are proof enough the purchase of  motorcycle insurance coverage is so very important. The risks of having a serious accident while on a motorcycle is undeniable. The  higher than normal risk that you will sustain serious if not fatal injuries compared to when you are in four-wheel closed vehicle is profound.  In 2010, over 80,000 people were injured due to motorcycle accidents. Motorcycles are obviously less stable than cars and trucks.  Further, motorcycles are much also less visible to pedestrians and drivers all other vehicles and much more exposed to road and weather hazards.

Fatal motorcycle accidents 40% higher than auto crashes

Speeding accounts to the most number of motorcycle accidents in the United States.  Motorcycle accidents are nearly 40% higher than  passenger cars.  Purchasing a motorcycle insurance policy is and will always be wise decision for you to protect yourself against injuries and assets against loss. Buying a motorcycle insurance policy is very easy. Most US States make it mandatory to purchase Motorcycle Financial Responsibility if you operate a registered motorcycle on the streets and highways of that state. The only US States which do not require you purchase motorcycle insurance are the states of  Hawaii, Montana, New Hampshire, and Washington.

If you call our office at (800) 807-0762, we can sell you a full coverage motorcycle policy from one of our many insurance carriers.  We have a comprehensive Harley Davidson MotorCycle Insurance Programs through Dairyland Insurance.  We have other motorcycle insurance programs available through Progressive Insurance, GMAC Insurance, Travelers Insurance and Titan Insurance Company.  Titan Insurance Company is a division of Nationwide Insurance Company.

-Mike

Michael E. Dortch
President &  Managing Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 206

 

Top Grades For Ohio Insurance Environment

According to Ohio Lieutenant Governor and Director of the Department of Insurance Mary Taylor, Ohio has earned a top grade for its property and casualty insurance regulatory environment courtesy of the Heartland Institute based on its 2011 report. Property & Casualty Insurance Products encompass many types of insurance products such as Car Insurance, Commercial Auto Insurance and Homeowners Insurance Products. The Institute factored in the freedom of consumers to select property and casualty insurance products of their choice, and the freedom of insurance carriers to offer said property and casualty insurance products that consumers wanted. Ohio ranked highly in meeting these two criteria compared to most states in the US.

Lieutenant Governor Taylor acknowledged the results of the Heartland Institute study, saying that Ohio’s vision is to develop “a robust, competitive and stable insurance market”. She appreciated  the top grade was a clear indicator that the state is on the right track in the insurance industry, but reiterated that more effort will be put into improving the insurance market in Ohio “to provide more choices for consumers and create more jobs for Ohioans”.

The Heartland Institute study ranked the states’ insurance regulatory environment according to nine variables, including market concentration, loss ratio stability, credit scores and territorial restrictions of each state’s homeowners and auto insurance policies. Each of the variables were weighted according to their importance in preserving fee and competitive insurance markets, with greater weight placed on variables that the Institute believes to matter most to consumers.

Ohio scored its high-ranking due to having consistent and clear rules governing its insurance industry, having a healthy variety of competitors, as well as a highly flexible regulatory environment that allows rate reviews and market forces to dictate the insurance premiums. Progressive Insurance Company which primarily markets Auto Insurance Products nationwide is base out of Cleveland, Ohio.  Progressive Insurance Company is the 3rd Largest Car Insurance Carrier in the Nation and the largest auto insurance company in Ohio.

The Heartland Institute report also indicated that the Buckeye State has steadily improved in rankings over the last four years due to clarity in the insurance industry’s regulations. The state also has a very competitive insurance environment for Ohioans, regardless of the numerous domestic carriers that mainly operate in their own states.

The 2009 property and casualty market share report released by the National Association of Insurance Commissioners (NAIC) ranked Ohio at 8th place in the nationwide total premiums. The Ohio Department of Insurance manages about 970 property and casualty insurance carriers in the state.

-Mike

 

Michael E. Dortch
President &  Managing Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 602

Three Dates Set For PA’s Health Exchange Program Discussions

Three forums are set to be held in August by the Pennsylvania Insurance Department in a bid to get public opinion on health insurance exchanges. Different locations have been set across the state where the forums will take place. The first one slated for Aug 9 at the Doubletree Hotel Pittsburgh Monroeville Convention Center in downtown Monroeville, Pa. This will be followed by another forum on Aug. 11 at the Crowne Plaza Liberty Convention Center in King of Prussia, Pa. the culmination of these crucial discussions on public health exchanges will see the third forum being held on August, 23rd at the Sheraton Harrisburg Hershey in Harrisburg, Pa. The three forums have been scheduled to run during the day starting from 9am to 3pm each day to give as many people as possible an opportunity to attend and put their ideas across to state officials. Registration will start at 8:30am.

One of the issues that will be on top of the discussion is whether the exchange requires state level regulation or should be regulated by the Department of Health ad Human Services. The latter option had been proposed by a lobbyist working with the Pennsylvania Association of Health Underwriters (PAHU).  Another key thing that is set for discussion is the structure of the exchange, whether it should independent or a sub set of the Pennsylvania Insurance Department. The forums will also address the issues of governance in efforts to look for the most appropriate model for the exchange. According to Philips, there are two options to choose from, the first one being the minimalist model in Utah and the other one going the Massachusetts’ way.

State officials will be banking on comments and research findings from studies in the preparation of a plan to be presented to the Pennsylvania General Assembly. According to Pennsylvania Insurance Commissioner Mike Consedine, states are at liberty to create their own insurance exchanges as stipulated in the federal health care reform. He adds that the PA Insurance Department has stepped up efforts in looking for more productive option for PA health care consumers and those employers which pay for health coverage for their employers.

**The Pennsylvania Insurance Department protects insurance consumers in the state. All rates for Auto Insurance, Homeowners Insurance, Motorcycle Insurance, Boat/marine  and recreational vehicle insurance  must be approved by the Department before they are published and charged to the customer by the Insurance Companies. All the Insurance Carriers registered to do business in PA and represented by InsureDirect.com are licensed and approved by the PA Insurance Department.

– Mike

Michael E. Dortch
President &  Managing Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 602

Connecticut To Waive Storm Deductibles Resulting From Irene

Many InsureDirect.com customers throughout Pennsylvania, New Jersey, Delaware and Maryland and parts of Ohio experienced losses from Hurricane Irene. It seems like no one was immune regardless if you lost your car, home, motorcycle or boat to wind or flooding.  My family home I lost its power for four days and many of my neighbors in the Bucks County Area of Pennsylvania experienced severe flooding and extensive property damage. I also have many  other customers in Wilkes Barre, PA  whom suffered much more since that area was evacuated as a result of the severe storms.

Connecticut Governor Daniel P. Malloy has indicated  Connecticut has entered into negotiations with some a number of Homeowners Insurance Companies in the state to ask them to waive  Homeowners Insurance,  Auto Insurance and Commercial Insurance deductibles for their hurricane policy that have come about as a result of damages to coastal properties arising from Hurricane/Tropical storm Irene.  Auto, homeowners and business owners in the area who happened to have their property destroyed or damaged are set to benefit from the waiver.

Irene’s drenching resulted in the destruction of some 244 homes according to Malloy. The total damage to public property has been pegged at some $16 million according to state officials with the figure being expected to rise as the storm subsides. By the time of filing this report, estimations of damages arising from the storm to private property had not yet been accurately calculated. This damage is however expected to be substantial.  Insurance analysts have even hinted that federal disaster aid could be required for at least seven of the eight counties in the state.  

President Barrack Obama had assented to a disaster declaration for the state of Connecticut which had effectively availed disaster relief  by FEMA for five of the eight counties. However, the Federal Emergency Management Agency was quick to allay fears that other counties would be left out of the disaster relief efforts by indicating that assessments of the damage in the other counties was already underway and help would be on the way soon.

Five reputable insurance companies involved in writing insurance policies and who are major players in the industry had already agreed to have the deductibles waived according to governor Malloy. This was however specific to policies of coastal homeowners that covered hurricanes. The deductibles are usually a percentage of the total cost of the home which means that homeowners are eventually required to fork out thousands of dollar before the coverage for the hurricane can be deemed to have begun.

Without these waivers, the joint figure for all homeowners could have been as high as $ 100 million. This is according to a review carried out by the state insurance department. Irene has caused extensive damage to cars, trucks, boats,  infrastructure such as road and power lines and left two people dead in its wake. Heavy flooding has also been reported as far north as New England.  

– Mike

Michael E. Dortch
President &  Managing Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 602 

 

Businesses in Massachusetts will Save on Workers Compensation Insurance

Massachusetts businesses are projected to save nearly $70 Million after an agreement was signed that effectively ensures state workers’ compensation rates would stay at current premium levels until late 2012. Like most businesses in the United States; all businesses operating in the State of Massachusetts are required by state law to buy and maintain workers compensation insurance for all their employees. The coverage pays for lost wages, medical expenses, and compensation for injuries they incur on the job.

The new agreement guarantees workers compensation rates will remain the same and will not increase before September, 2012.  It appears that representatives from the Workers’ Compensation Rating and Inspecting Bureau (WCRIB), and the Division of Insurance’s State Rating Bureau, and the Attorney General’s Office persuaded WCRIB to stop seeking the nearly 7% increase they have lobbied for the last 24 months. With the current state of the economy in Massachusetts and the US; increases on any business expenses can be harmful.  Many businesses in the US are in a critical cash flow position.

After the meeting, Mass Commissioner Murphy said, “Our goal at the Dept of Insurance is to make sure all insurance rates including Auto Insurance, Homeowners Insurance, Renters Insurance and Workers Compensation Insurance rates are fair, they make whole the subject of the insuring agreement.  This is not the first time the Commissioner of Insurance has saved businesses money by brokering a deal with the WCRIB. Last year, the Commissioner saved businesses an identical amount of money in a similar deal which saw the overall rates come down by 2 1/2 percent. The key point to note in that particular agreement is that WCRIB was aiming to have the overall rates increased by nearly 5% percent. The agreement also did allow WCRIB to file its rates proposals the following year instead of waiting for two years as is the norm. This is an absolute benefit for all businesses in Massachusetts. Knowing what your expenses will be in the future is vital to the success of any business.  This is the reason so many business are having trouble operating recently.  Last year alone, small business and working families were able to save $106 million on health insurance due to the efforts of the administration in that front.  Another key area where the administration has had great success is Auto insurance which it started reform work three years back. To date, these reforms, such as car insurance have enabled drivers in the commonwealth community save hundreds of millions of dollars in Car Insurance Premiums. The state of Massachusetts had a very similar insurance climate as the state of New Jersey.  Over the last few years, InsureDirect.com has sold  thousands of auto insurance policies in New Jersey.  The helpful change in insurance climate in both states will help assist InsureDirect.com bring more low cost insurance products to the northeast.

Recent state workers’ compensation rate  comparison studies carried out by the U.S Department of Consumer and Business Services rank Massachusetts as one of the States with the lowest compensation rates nationwide. The current Patrick-Murray Administration has done a great deal to contribute to this as it has managed to reduce the rates by 20 % percent since it took office. The compensation system which was implemented in 1991 was to focus more on efficiency and return-to-work programs was what the state needed.

-Mike
 

Michael E. Dortch
President &  Managing Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 602

Dentists To Carry Malpractice Insurance In Pennsylvania

As many of us are aware; purchasing insurance is required to participate in a number of activities.  If you want to own and drive a car you must purchase auto insurance.  The same is true if you own a Motorcycle or Watercraft.  If you purchase and maintain a mortgage on a house, you are required by the bank to maintain homeowners Insurance. Medical Doctor’s and Osteopathic Physicians in the State of Pennsylvania are required by State Law to purchase and annually maintain Medical Malpractice Insurance Coverage. Medical Malpractice Insurance protects a doctor’s assets from the expense of a Malpractice Claim when a Physician makes or patient accuses that physician of making a medical mistake.

A new Dental law in Pennsylvania may require dentists to purchase malpractice insurance according to a bill recently introduced in the PA State House. SB 388 was sponsored by Senator Pat Vance of Cumberland County and received unanimous approval by the senate in June. It was referred to the Insurance Committee for the House of Representatives on June 22, but no further action has been made to the bill due to the General Assembly summer recess.  The bill would require dentists to purchase Malpractice liability insurance that would total $3 million every year. According to the CEO of Pennsylvania Dental Association Insurance Services, Gil Davis, this amount will cost the average PA dentist about $2,400 annually.  Apart from this, the malpractice coverage fee stands the chance of hiked up rates in the southeastern part of Pennsylvania. In Delaware and Montgomery counties, malpractice coverage rates are at an average of $2,700. In Philadelphia, however, the rate is almost at $4,500 per year.

The SB 388 bill states that dentists in Pennsylvania who do not comply or purchase the malpractice insurance stand to lose their practice license. Davis also stated that the average claim for malpractice against dentists is about $20,000 on average. Although the specific number of claims filed per year was not available, Davis also say’s  that $20,000 was not a significant number.

Malpractice insurance can protect dentists from making major losses in case of a malpractice lawsuit, but more statistics for statewide dental malpractice cases are required, particularly for Pennsylvania. This will enable insurance policy regulators in the state to set achievable malpractice insurance rates that will help the average dentist manage their payments every month. There may also be need to regulate the insurance rates across the counties for the sake of affordability and fairness for dentists.  The cost of the malpractice insurance policies in the state, as well as the possibility of it becoming mandatory according to the law, presents an additional challenge for Pennsylvania dentists and their practices. However, Dr. Dennis Charlton, president of the Pennsylvania Dental Association and a practicing dentist in Mercer County, is in full support of the legislation.

My Uncle Alex practiced dentistry for over 40 years.  Both he and his brother whom was also a dentist maintained a Dental office in the lower-income Philadelphia neighborhood of Germantown until the late 1990’s. This was an area of the city where many Doctors and other professionals abandoned their practices/businesses in the late 1960’s for the suburbs of Montgomery and Chester Counties.  Both my Uncle and his brother Harry shared an office with their younger brother Billy, whom was a Medical Podiatrist. All three brothers practiced medicine in that Philadelphia neighborhood where many times a week they gladly provided free or heavily discounted services to those patients (many of them Children) whom could not afford the full price of these services. For many years, they were the only dental practice in the area. They felt a responsibility to their neighborhood and refused to move to a more lucrative area as their colleagues did.

I don’t know if my Uncle carried Dental Malpractice Insurance. One thing I do know, there are far fewer Dental Malpractice Claims filed than Medical Malpractice Claims.  The reason is the amount of the average claim of $20,000.00.  With an amount that low, it does not sound like there is much room for a third-party attorney’s expense of litigating and proving a case. The amount is so low and a claim is so infrequent, most dentists just rectify the problem.  My assumption is many dentist’s  whom practice in these lower-income areas of our Pennsylvania’s cities do not carry Dental Malpractice Coverage.  Although I am speculating, if my Uncle Alex had to pay $4500.00 or more a year for Insurance Coverage, he could certainly not afford to do all the charitable work he did for his patients. In fact, an additional expense like that would most likely force some dentists to move to a more lucrative area.  Further; if he was required to carry Dental Malpractice Insurance Coverage with limits 200 times the amount of the average claim, he would be spending a lot more time in and out of court defending himself against malpractice claims. Meaning, a lot more people will be looking to abuse the system and cashing in on that winning lottery ticket.   Question:  “if the average Dental Malpractice Claim is $20,000.00, why would a dentist need to carry $3,000,000.00 in Dental Malpractice Coverage?”  An amount that high just invites dishonest people to abuse the system. It sounds to me, $250,000.00 would be a much more  appropriate liability limit.

 – Mike   

Michael E. Dortch
President &  Managing Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 602                                                           

Bill Keane;  Cartoonist of the Comic Strip “Family Circus” was a
Philadelphian and Patient of my Uncle Alex.  The Cartoon above
was
 inspired by a visit to his Dental Office. 

 

Health Insurance Coverage In Pennsylvania Available InsureDirect.com

Individual health rankings for Pennsylvania residents by the United Health Foundation paint a bleak picture.  Air pollution levels in the keystone state registered at 13.3 micrograms of fine particulate per cubic meter. This represents astonishing levels of pollution in comparison to other US States. If that has not made you call your local  independent insurance agent, then consider the following. There were 16.8 cases of infectious diseases per 100,000 people in PA in 2010. Only a paltry 87.8 percent of children between the ages of 19 to 35 months were immunized. These findings show how important it is to have health insurance coverage in the keystone state. 

The good thing is that it is still possible to obtain affordable health insurance coverage in PA. In Pennsylvania, all Health Insurance Companies can refuse to cover you on an individual health insurance plan as a result of a pre-existing health condition like Heart Attack, Cancer or Stroke. With over 140,000 newborn babies being delivered, only a meager 10 percent have private health insurance coverage which is paid for by the parent. This is a recipe for future health problems which can be easily dealt with. Health insurance coverage enables you to address possible health problems early with the right medical attention. These also save the state and nation huge losses in human capital as a result of lost productivity. 

The first step in acquiring appropriate medical insurance coverage is by visiting a local licensed health Insurance Agent like InsureDirect.com. Here you can get information about the requirements for a Health Insurance Policy Application. There are several different types of health coverage available. These include temporary, student, employed, small business, cobra coverage, vision, dental and others. Keep in mind you also don’t need to purchase a Health Insurance Policy with all the Bells & Whistles like Pharmacy, Dental and Optical.  You can purchase a policy for specifically Major Medial which would only cover a catastrophic event like an auto or motorcycle accident.

 Having health care insurance ensures in case of a medical emergency you do not have to fork out to pay astronomical hospital bills. It is up to you to choose how comprehensive you want your cover to be. Your health is the most important asset you have. It is therefore your duty to take the necessary steps to safeguard your health. The cost of premiums cannot be compared to your well-being.

Berskhire’s National Adds New Twist To Auto Insurance Empire

On Friday August 26 2001, Transatlantic Holdings initiated agreements with National Indemnity, a unit of Warren Buffett’s Berkshire Hathaway regarding a $3.2 billion takeover option and thus adding a new surprise in the battle for reinsurers.

This option will add another valuable component to Berkshire’s holdings which also includes GEICO Auto Insurance Company’s Cavemen and adorable Gecko. GEICO’s car insurance, homeowners insurance, renters insurance, motorcycle insurance, RV Insurance and other recreational vehicle insurance products are advertised 24 hours and day,7 days a week on Television, Radio, Newspapers, Telephone Directories and of course online through the World Wide Web. GEICO is now the 4rd largest Auto Insurance Company in the nation behind State Farm Insurance Company, Allstate Insurance Company and Progressive Insurance Company.  Although InsureDirect.com does not represent GEICO Insurance Company,  we do represent Progressive Insurance and Encompass Insurance Company which is a division of Allstate Insurance Company.

Transatlantic also acquired an all-stock $2.9 billion deal and a cash-and-stock of the same amount to finance a merger with Allied World Assurance Company Holdings Ltd. and a takeover offer from Validus Holdings Ltd. Due to Friday’s move, an eruption of bidding wars between New York-based Reinsurance Company is anticipated.  The Validus bid, which at a certain instance was nearly $400 million better than its opponent’s offer, has lost its entire premium, due to aggressive investor reactions influencing its bids and further agitate market chaos. In June, Transatlantic started a deal with Allied World, but its plans were compromised when in July, Validus came with its own offer.

Allied World’s and Validus’ offers were $3.2 billion and $3.5 billion respectively the moment each started business. Earlier this month, Allied World offer’s started dropping when Ajit Jain, Buffett’s lieutenant, took action through a $3.2-billion cash bid.  Transatlantic initially rejected Berkshire’s offer but opted that it could lead to a superior proposal and thus soon became considerate to initiate negotiations, on the condition that Berkshire would sign a confidentiality agreement.  Transatlantic continued that the terms of the aforementioned confidentiality agreement with National Indemnity are considerably similar to the terms of agreement it previously entered with Allied World.

Strikingly, the agreement has a standstill provision which caused a point of discord with Validus and diverted Bermuda reinsurer to bid directly to Transatlantic’s shareholders.  Thus, Validus therefore sued Transatlantic Thursday, but also presented its own documentation for the purpose of reviewing, in order to raise the mounting pressure on Transatlantic to persuade opening talks with it.

– Mike

Michael E. Dortch
President &  Managing Agent
InsureDirect.com
Corporate Home Office
618 South Broad Street
Lansdale, Pennsylvania  19446
(800) 807-0762  ext. 602

 

 

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