Thursday, September 27, 2018

Helicopter Insurance Agent

HELICOPTER INSURANCE



Carrio Aviation Insurance can competitively insure almost any aircraft / pilot combination through one of our many "A" rated insurance companies. We have represented only "A" rated insurance companies since 1981. We are able to offer huge savings over many other aircraft insurance carriers because of our broad aviation insurance experience and large volume of business. Over the past 26 years we have developed relationships with all of the major insurance carriers in the industry and are therefore able to obtain the very best aviation insurance rates for you, our customer.
We also specialize in finding the best Life Insurance rates for Pilots. If you are a pilot struggling with the high cost of life insurance, Carrio Aviation Insurance may be able to help. We have a great deal of leverage to negotiate the best pilot life insurance rates possible.


Aviation Insurance Services We Provide
  • Aircraft Insurance
  • FBO Insurance
  • Non Owned Aircraft Insurance
  • Hangar Insurance
  • Pilot Life Insurance
  • Workers Compensation Insurance


From individual owner operators to large commercial fleets, we address the highly specialized insurance needs of:

  • Municipalities
  • Corporate Flight Departments
  • Air Ambulances
  • Commercial Operations
  • Agriculture Support
  • Logging and Forestry
  • Offshore and Energy Companies
Michael Fillers
Carrio Aviation Insurance
3032 Dauphin Square Connector 
Mobile, AL 36607
Phone: 251-753-8011














Wednesday, May 2, 2018

Who is Swyfft anyway?

Who is Swyfft?

Here is a little Q and A.

https://agencychecklists.com/2017/08/29/new-insurtech-homeowner-carrier-swyfft-quotes-in-seconds-for-independent-agents-and-writes-coastal-and-urban-risks-19742/

Thursday, April 12, 2018

2018 Hurricane Prediction Numbers


go Here:

https://weather.com/storms/hurricane/news/2018-04-04-hurricane-season-forecast-atlantic-colorado-state
For questions please give me a call.
Michael Fillers, CPIA, NFIP 
Morris Insurance Agency, LLC
3032 Dauphin Square Connector
Mobile, AL 36607
D.251-473-5119/F.251-473-6301/C.251-753-8011

How I met JESUS in the flesh and HE saved me:

Matt 24:46-47-"Blessed is he whom his master will find at work when he arrives. Truly I tell you, he will put that one in charge of all his possessions."

NonAdmitted vs Admitted Insurance Carriers


The Difference Between Admitted & Non-Admitted Insurance Companies


The difference between admitted and non-admitted insurance companies lies primarily in the regulations they must follow. These varying regulations result in business models that typically focus on different areas of the market. As a result, you may not be able to get a particular type of insurance from an admitted company that a non-admitted company offers, and vice versa. The status of a company as an admitted carrier isn't based on the financial solvency of the company, which is independently assessed by an outside source.

Admitted Insurance Companies

An admitted insurance company is one that is "admitted" by a particular state to do business as an insurance company. To be an admitted carrier, an insurance company must conform to the regulations of a particular state's Department of Insurance. In addition to meeting minimum regulations for admission, admitted carriers must also file their rates with the state, which the state must approve. One of the benefits of working with an admitted carrier is that the state has the responsibility to pay an insurer's claims, up to state-specified limits, in the event of the company's insolvency.

Non-Admitted Insurance Companies

A non-admitted insurance company is one that doesn't operate under an individual state's insurance laws. As a result, a non-admitted insurance company doesn't enjoy the benefit of having its claims resolved in the event of a bankruptcy. However, non-admitted companies also have much more pricing flexibility, as they don't have to submit their rates to the individual states for review. Consequently, non-admitted carriers can insure higher-risk events, such as earthquakes, or specialty risks, such as professional liability insurance, that admitted carriers often can't afford to cover.

Financial Risk

While it can be a natural assumption that non-admitted carriers are riskier than admitted companies, that isn't always the case. Since non-admitted carriers have greater flexibility in pricing their premiums, they can set rates high enough to fund the additional risks they may take. The financial risk a company takes is reflected not by its status as admitted or non-admitted, but by its financial rating. The AM Best Company ratings agency assesses the risk of insurers and assigns letter grades for easy comparison, with the most solvent insurers garnering a grade of A++ or A+.

Restrictions and Limitations

Since non-admitted carriers have more latitude in setting their rates, insurance is often more expensive with non-admitted carriers than with admitted carriers. Non-admitted carriers also have more latitude in defining the restrictions in their policies, particularly regarding the coverage of pre-existing conditions, which may work against the consumer. Some residents of the U.S. who aren't citizens may not be able to purchase insurance from an admitted carrier and must instead seek out a policy from a non-admitted carrier.

For questions please give me a call.
Michael Fillers, CPIA, NFIP
Morris Insurance Agency, LLC
3032 Dauphin Square Connector
Mobile, AL 36607
D.251-473-5119/F.251-473-6301/C.251-753-8011

How I met JESUS in the flesh and HE saved me:

Matt 24:46-47-"Blessed is he whom his master will find at work when he arrives. Truly I tell you, he will put that one in charge of all his possessions."




source:http://smallbusiness.chron.com/difference-between-admitted-nonadmitted-insurance-companies-41166.html