brewer12345
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
- Joined
- Mar 6, 2003
- Messages
- 18,085
[. None of the state guaranty funds are prepared for a major loss at a large insurer, IMO.
Thank you, that is the answer I was seeking.[/QUOTE]
Well, remember: opinions are like buttholes, everyone has one and most of them stink.
What I think the lack of a believable third party backstop means is that you should be very selective as to which insurers you give your money to, especially if you don't have the right to get it back at your convenience. For me, this means I only do business with larger, highly rated mutuals, although I make exceptions for particularly strong mid-sized companies.