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The Water Cooler
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home owners insurance
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<blockquote data-quote="inactive" data-source="post: 1895040" data-attributes="member: 7488"><p>Oh, and the OK Farm Bureau thing isn't just you. From what I hear in the industry, they are going though a massive underwriting philosophy change and non-renewing LOADS of people right now. </p><p></p><p>From what I understand (this isn't verified fact, but I believe it to be accurate), they decided to alter or drop (not sure which) their reinsurance, which is the insurance that pays them back if there is a catastrophe of losses (such as large hail storms, tornado, hurricane, etc.). Then we had hail move in several years in a row and they didn't have the reinsurance they were used to having in the past.</p><p></p><p>Yea, still sucks, but don't take it too personally.</p></blockquote><p></p>
[QUOTE="inactive, post: 1895040, member: 7488"] Oh, and the OK Farm Bureau thing isn't just you. From what I hear in the industry, they are going though a massive underwriting philosophy change and non-renewing LOADS of people right now. From what I understand (this isn't verified fact, but I believe it to be accurate), they decided to alter or drop (not sure which) their reinsurance, which is the insurance that pays them back if there is a catastrophe of losses (such as large hail storms, tornado, hurricane, etc.). Then we had hail move in several years in a row and they didn't have the reinsurance they were used to having in the past. Yea, still sucks, but don't take it too personally. [/QUOTE]
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