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Originally Posted by Midwest Classic
Approximately 10% of our book of business is from Cobra owners but yet we see more activity from them in claims, above $10,000, than the other 90% of all other clients we insure. There is an obvious problem and I am trying to get a grasp on how to fix it before another Cobra market so no thanks to the industry. Sure there will always be someone out there to write the cars if one carrier leaves but the more carriers that walk away from them the more the next carrier is going to consider to follow suit. Keep in mind Companies are in the business to write business not look for ways to avoid it.
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Did you research the data? You stated that you did not wish to do so. Is this you largest individual covered auto model? As of yet you have still only posted results of ONE quarter's claims. Remember the
four claims that started this thread.
You have yet to provide us with any reasonable data to back claims of anything. If you want to issue words of warning of "higher risk," please provide data sets. Otherwise, you are simply stirring up the nest.