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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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Robbin,
I agree that your numbers show there is problem, however 7 claims is not enough data to give us a useful statistic as to what factors of ownership are contributing to the accidents (in my opinion).