“Getting in the spirit for the 4th and since I won’t be here next week, attached is my outfit for today as I support our US Women’s soccer team as they compete vs France today.
Enjoy laughing with me! It would make for a perfect golf outing, right? lol”
-Curt Zimmerman
Just an alert, a car was just broken into in the parking lot.
Please make sure to lock your vehicle and keep all valuables out of sight (or completely remove from vehicle).
Thank you.
Mark your calendars: The Modesto office will be having a red, white and blue casual day on Wednesday, July 3rd. Come in your festive attire to celebrate the holiday!
“Your most unhappy customers are your greatest source of learning.”
-Bill Gates
FDSA TRI-TIP BBQ
WEDNESDAY, JUNE 26TH, 2019
ALL PRE-ORDERS MUST BE PLACED
BY TUESDAY, JUNE 25TH, 4:00PM
PLEASE EMAIL ALL ORDERS TO [email protected]
D&D will be hosting a company picnic at the Grizzlies game on July 26th for the Fresno, Dinuba and Clovis offices. All employees and their immediate family members are invited. Tickets to the game along with dinner will be included. Please RSVP to Tara Beach ([email protected]) by Friday July 12th if you will be attending along with the number of tickets you will be needing.
“I can’t control everybody else. I can control my attitude, and I can control my game.”
-Gary Woodland
In general, Insurance Company LOSS RESERVES, are very complicated and watched closely by the California Department of Insurance. (D.O.I.)
The Insurers have a duty per the D.O.I. to set appropriate reserves when a claim has adequate information.
The Reserve is money put aside from the Insurer “Investment money” so they have enough money to pay claims.
When the Insurer is audited by the D.O.I. and they determine the Insurer is “under reserving” they get fined. These fines are Not cheap.
Insurers typically set Reserves at Full liability and Value regardless of exposure. This is the CA standard so they are Not fined by the D.O.I.
The Insurance Commissionaire Office takes the audit approach to evaluate each claim at 100% merit. Thus the Insurance Co’s are not in the business to over reserve, but are meeting the D.O.I. mandates.
Reserves will fluctuate as factual information becomes available. For liability reserves, the downside can be the duration of the claim, extent of injury, recovery time, statute of limitations and whether a lawsuit is filed.
So who eventually gets caught in the middle, yep, the friendly consumer (aka: Client). So it is not uncommon for clients to get a bit perturbed, but this is the reality of Loss Reserves in the State of California. It is a lobbying argument that will continue between the consumer advocates and Ca D.O.I.
USLI has a large appetite scope, are very competitively priced, and have broad policy forms available. The best part- they are fast and have a simple quoting process.
· Quick turnaround time- Typically have quote within a 3 hour time frame.
· Blanket A/I free of charge
· Minimum premiums start at $195, GL & Liquor Liability $250.
· West coast time Zone
USLI will take applications by email or phone:
Email submissions to [email protected] and cc [email protected]
If you have any issues you can contact anyone on the USLI team at 888-568-2707. If you don’t receive a quote within a 24 hour period, feel free to call them and check on the status as it should have already been emailed to you.
This process will begin effective 7/2. Any Special Event quotes needed prior can be sent to your agent’s current marketing person.
Sales — if a Special Event quote is needed, please defer to your CSR for quotes.
Click here for the application and click here for the Underwriting Guide.