 |
Matronics Email Lists
Web Forum Interface to the Matronics Email Lists
|
| View previous topic :: View next topic |
| Author |
Message |
Tim Olson
Joined: 25 Jan 2007
Posts: 2872
|
 Posted: Mon Feb 01, 2010 2:26 pm Post subject: Insurance 2010 |
 |
|
Just got my quote for 2010. Same price as last year with
Global. But, AIG's quote went up about $150-200. I
asked about it and they said that the rates went up
this year, but we'll only notice on new quotes...renewals
are coming in the same. So I had decreases every year
until now...and now it's flat.
--
Tim Olson - RV-10 N104CD
do not archive
| | - The Matronics RV10-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?RV10-List |
|
|
|
| Back to top |
|
 |
scottmschmidt(at)yahoo.co
Guest
|
| Posted: Mon Feb 01, 2010 9:52 pm Post subject: Insurance 2010 |
|
|
I had the exact same experience. The last two years no one could compete with AIG but this year Global Express beat them out and AIG went up in price. When I asked their answer was inflation. For me, it was just a renewal and it went up a couple of hundred bucks.
Oh well, not like I have too much of a choice.
Scott Schmidtscottmschmidt(at)yahoo.com
From: Tim Olson <Tim(at)myrv10.com>
To: rv10-list(at)matronics.com
Sent: Mon, February 1, 2010 3:23:34 PM
Subject: Insurance 2010
[quote][b]
| | - The Matronics RV10-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?RV10-List |
|
|
|
| Back to top |
|
|
Deems Davis
Joined: 09 Jan 2006
Posts: 925
|
| Posted: Mon Feb 01, 2010 10:49 pm Post subject: Insurance 2010 |
|
|
Property and Casualty insurance has a long history of being cyclical. Historically the 'periods' between cycles averaged 7 years. the past couple of decades the cycles have been more dramatic and exaggerated. Its a long and complicated, story, but it is linked to the amount of capital in the insurance marketplace. The capital is largely controlled by the reinsurance marketplace. We may be seeing the beginning of a hard (rising prices) market. My policy is out for market (renewal in April). I should be seeing some numbers in the next 30 days. My current policy is w/ Starr, they are a managing general agent, (MGA) that does the underwriting, and Berkshire Hathaway & Chubb provide the 'insurance'.
Deems Davis
N519PJ
www.deemsrv10.com
On 2/1/2010 10:44 PM, Scott Schmidt wrote: [quote] I had the exact same experience. The last two years no one could compete with AIG but this year Global Express beat them out and AIG went up in price. When I asked their answer was inflation. For me, it was just a renewal and it went up a couple of hundred bucks.
Oh well, not like I have too much of a choice.
Scott Schmidt scottmschmidt(at)yahoo.com (scottmschmidt(at)yahoo.com)
From: Tim Olson <Tim(at)myrv10.com> (Tim(at)myrv10.com)
To: rv10-list(at)matronics.com (rv10-list(at)matronics.com)
Sent: Mon, February 1, 2010 3:23:34 PM
Subject: RV10-List: Insurance 2010
| Quote: |
href="http://www.matronics.com/Navigator?RV10-List">http://www.matronics.com/Navigator?RV10-List
href="http://forums.matronics.com">http://forums.matronics.com
href="http://www.matronics.com/contribution">http://www.matronics.com/contribution
|
[b]
| | - The Matronics RV10-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?RV10-List |
|
|
|
| Back to top |
|
|
Deems Davis
Joined: 09 Jan 2006
Posts: 925
|
| Posted: Mon Feb 01, 2010 10:50 pm Post subject: Insurance 2010 |
|
|
Given AIG's recent experience, When they go to buy reinsurance (think of it as laying off a portion of your bet). They are undoubtedly considered a much higher credit risk and therefore are having to pay more for their reinsurance, which in turn gets reflected in the price of their policies.
Deems Davis
N519PJ
www.deemsrv10.com
On 2/1/2010 10:44 PM, Scott Schmidt wrote: [quote] I had the exact same experience. The last two years no one could compete with AIG but this year Global Express beat them out and AIG went up in price. When I asked their answer was inflation. For me, it was just a renewal and it went up a couple of hundred bucks.
Oh well, not like I have too much of a choice.
Scott Schmidt scottmschmidt(at)yahoo.com (scottmschmidt(at)yahoo.com)
From: Tim Olson <Tim(at)myrv10.com> (Tim(at)myrv10.com)
To: rv10-list(at)matronics.com (rv10-list(at)matronics.com)
Sent: Mon, February 1, 2010 3:23:34 PM
Subject: RV10-List: Insurance 2010
| Quote: |
href="http://www.matronics.com/Navigator?RV10-List">http://www.matronics.com/Navigator?RV10-List
href="http://forums.matronics.com">http://forums.matronics.com
href="http://www.matronics.com/contribution">http://www.matronics.com/contribution
|
[b]
| | - The Matronics RV10-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?RV10-List |
|
|
|
| Back to top |
|
|
Tim Olson
Joined: 25 Jan 2007
Posts: 2872
|
| Posted: Tue Feb 02, 2010 4:29 am Post subject: Insurance 2010 |
|
|
Interesting that you mention Starr. I'd never even heard about them
before because the agent only quotes the most reasonably priced
insurers. This year with AIG up, they were about to quote Global
and Starr, but had a note that they didn't include the Starr quote
because it was "a lot higher". When you have compared quotes, have
you always had them compare Global and AIG with Starr?
Tim Olson - RV-10 N104CD
do not archive
Deems Davis wrote:
| Quote: | Property and Casualty insurance has a long history of being cyclical.
Historically the 'periods' between cycles averaged 7 years. the past
couple of decades the cycles have been more dramatic and exaggerated.
Its a long and complicated, story, but it is linked to the amount of
capital in the insurance marketplace. The capital is largely controlled
by the reinsurance marketplace. We may be seeing the beginning of a hard
(rising prices) market. My policy is out for market (renewal in April).
I should be seeing some numbers in the next 30 days. My current policy
is w/ Starr, they are a managing general agent, (MGA) that does the
underwriting, and Berkshire Hathaway & Chubb provide the 'insurance'.
Deems Davis
N519PJ
www.deemsrv10.com
On 2/1/2010 10:44 PM, Scott Schmidt wrote:
> I had the exact same experience. The last two years no one could
> compete with AIG but this year Global Express beat them out and AIG
> went up in price. When I asked their answer was inflation. For me, it
> was just a renewal and it went up a couple of hundred bucks.
> Oh well, not like I have too much of a choice.
>
> Scott Schmidt
> scottmschmidt(at)yahoo.com
> ------------------------------------------------------------------------
> *From:* Tim Olson <Tim(at)myrv10.com>
> *To:* rv10-list(at)matronics.com
> *Sent:* Mon, February 1, 2010 3:23:34 PM
> *Subject:* Insurance 2010
>
> *
>
> href="http://www.matronics.com/Navigator?RV10-List">http://www.matronics.com/Navigator?RV10-List
> href="http://forums.matronics.com">http://forums.matronics.com
> href="http://www.matronics.com/contribution">http://www.matronics.com/contribution
>
> *
*
*
|
| | - The Matronics RV10-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?RV10-List |
|
|
|
| Back to top |
|
|
Kellym
Joined: 10 Jan 2006
Posts: 1705
Location: Sun Lakes AZ
|
| Posted: Tue Feb 02, 2010 4:45 am Post subject: Insurance 2010 |
|
|
AIG spun off the aircraft insurance unit, IIRC. Now called Chartis
Deems Davis wrote:
| Quote: | Given AIG's recent experience, When they go to buy reinsurance (think of
it as laying off a portion of your bet). They are undoubtedly considered
a much higher credit risk and therefore are having to pay more for their
reinsurance, which in turn gets reflected in the price of their policies.
Deems Davis
N519PJ
www.deemsrv10.com
|
| | - The Matronics RV10-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?RV10-List |
|
_________________
Kelly McMullen
A&P/IA, EAA Tech Counselor # 5286
KCHD |
|
| Back to top |
|
|
Deems Davis
Joined: 09 Jan 2006
Posts: 925
|
| Posted: Tue Feb 02, 2010 7:51 am Post subject: Insurance 2010 |
|
|
Hmm, I specifically asked the agent to get and include quotes from Global & AIG last year, because of the favorable feedback on the list. But Starr came in below both of them, one interesting thing was that the liability coverage for all of the other quotes was nearly the same, it was the hull coverage that seemed to vary the most, but with Starr, the liability was higher but the hull was significantly lower.
One thing to ask is whether your agent has an active agency agreement with the markets you want to quote. Most agents maintain arrangements with multiple companies/carriers but they prefer to send the bulk of their business through a much narrower segment. Insurance companies compete vigorously for independent agents business, buy structuring their comission/fees based on volume incentives.
Deems Davis
N519PJ
www.deemsrv10.com
On 2/2/2010 5:26 AM, Tim Olson wrote: [quote]--> RV10-List message posted by: Tim Olson <Tim(at)myrv10.com> (Tim(at)myrv10.com)
Interesting that you mention Starr. I'd never even heard about them
before because the agent only quotes the most reasonably priced
insurers. This year with AIG up, they were about to quote Global
and Starr, but had a note that they didn't include the Starr quote
because it was "a lot higher". When you have compared quotes, have
you always had them compare Global and AIG with Starr?
Tim Olson - RV-10 N104CD
do not archive
Deems Davis wrote:
| Quote: | Property and Casualty insurance has a long history of being cyclical. Historically the 'periods' between cycles averaged 7 years. the past couple of decades the cycles have been more dramatic and exaggerated. Its a long and complicated, story, but it is linked to the amount of capital in the insurance marketplace. The capital is largely controlled by the reinsurance marketplace. We may be seeing the beginning of a hard (rising prices) market. My policy is out for market (renewal in April). I should be seeing some numbers in the next 30 days. My current policy is w/ Starr, they are a managing general agent, (MGA) that does the underwriting, and Berkshire Hathaway & Chubb provide the 'insurance'.
Deems Davis
N519PJ
www.deemsrv10.com
On 2/1/2010 10:44 PM, Scott Schmidt wrote:
*
*
|
[b]
| | - The Matronics RV10-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?RV10-List |
|
|
|
| Back to top |
|
|
deej(at)deej.net
Guest
|
| Posted: Tue Feb 02, 2010 2:12 pm Post subject: Insurance 2010 |
|
|
On 2/2/2010 7:26 AM, Tim Olson wrote:
| Quote: | Interesting that you mention Starr. I'd never even heard about them
before because the agent only quotes the most reasonably priced
insurers.
|
FWIW, I'd never heard of Starr either, but when I purchased insurance
for my Grumman Yankee last August, they came in at the lowest price
through my agent with equivalent coverage/deductable/etc.
-Dj
--
Dj Merrill - N1JOV
Glastar Sportsman 2+2 Builder #7118 N421DJ - http://deej.net/sportsman/
Grumman Yankee Driver N9870L - http://deej.net/yankee/
| | - The Matronics RV10-List Email Forum - | | | Use the List Feature Navigator to browse the many List utilities available such as the Email Subscriptions page, Archive Search & Download, 7-Day Browse, Chat, FAQ, Photoshare, and much more:
http://www.matronics.com/Navigator?RV10-List |
|
|
|
| Back to top |
|
|
|
|
You cannot post new topics in this forum
You cannot reply to topics in this forum
You cannot edit your posts in this forum
You cannot delete your posts in this forum
You cannot vote in polls in this forum
You cannot attach files in this forum
You can download files in this forum
|
Powered by phpBB © 2001, 2005 phpBB Group
|
Get Email Distribution Too!
FAQ
Search
Memberlist
Usergroups
Register
Profile
Log in to check your private messages
Log in
