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E&O Tips for Reacting to Carrier Downgrades or Insolvency


The IIAT Advantage E&O Team receives many inquiries from agents wanting to know the best way to handle carrier downgrades and carrier insolvencies. We have seen more than a few downgrades and insolvencies occur over the years, and with the anticipation of more to come in the future, we're increasingly being asked to provide guidance on how to help protect clients and agencies from the consequences of insurance company rating downgrades and potential insolvencies.

There’s no time like the present to take a moment to think about how your agency will respond to one of your carriers experiencing a rating downgrade, insolvency or their potential decision to withdrawal from Texas.

Here are some helpful resources to help you navigate this issue:

These resources are not exhaustive nor exact to a specific carrier situation, but hopefully they are helpful tools in assisting you in your navigation of an ever-changing carrier marketplace.

Remember, your IIAT E&O Team is help you with these topics or any other E&O questions you might have. Please don’t hesitate to contact us.

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Cari Senefsky

Director of Professional Liability
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Gunnar Kephart

E&O Advocate