Carrier Stops Accepting Business

A Medicare Supplement carrier has indicated they will no longer accept new business after April 1, 2024. Details: US Fire, a subsidiary of Crum and Forster, will announce that, as of 4/1/24, they will no longer be accepting new business. This is said to be in response to an incredibly high loss ratio on the business that has been submitted. We will be reaching out to our existing US Fire clients and trying to move them to alternative carriers, as it is generally not good practice to leave clients with a carrier that essentially becomes a closed risk pool, especially when rate increases are inevitable. CW

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