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08-09-2006, 07:03 AM
This was just posted on Rennlist:
To whom it may concern:
I am sending this email in hopes that you will post it. I am not signed up with Rennlist so I was unable to respond to the recent postings.
Dear Driver's Ed. Participants:
It is with great regret that American Collectors Insurance has closed it's Driver's Ed. Insurance Program. We made this decision
based on the fact that the demand for the coverage was low and our loss ration was too high. The low annual premium and claim severity is what drove the loss ratio well above acceptable limits.
For those of you who have a policy with us now, your policy will remain in effect until your renewal period and we will honor any claims that
occur until that time. We have been in the insurance business for 30 years and intend to hold true to our reputation as being a provider of great customer service. A letter will be sent to our existing policyholders as their renewal time approaches.
Thank you again and I wish you all good luck on the track. If you would like to send me your comments please send them to: orlando.m@americancollectors.com
Sincerely,
Orlando Morales
Driver's Education Insurance Program
Program Administrator
(856) 382-3213
To whom it may concern:
I am sending this email in hopes that you will post it. I am not signed up with Rennlist so I was unable to respond to the recent postings.
Dear Driver's Ed. Participants:
It is with great regret that American Collectors Insurance has closed it's Driver's Ed. Insurance Program. We made this decision
based on the fact that the demand for the coverage was low and our loss ration was too high. The low annual premium and claim severity is what drove the loss ratio well above acceptable limits.
For those of you who have a policy with us now, your policy will remain in effect until your renewal period and we will honor any claims that
occur until that time. We have been in the insurance business for 30 years and intend to hold true to our reputation as being a provider of great customer service. A letter will be sent to our existing policyholders as their renewal time approaches.
Thank you again and I wish you all good luck on the track. If you would like to send me your comments please send them to: orlando.m@americancollectors.com
Sincerely,
Orlando Morales
Driver's Education Insurance Program
Program Administrator
(856) 382-3213