It was a wild fourth quarter for impaired risk underwriting, with table shaving and lifestyle credits programs generating some of the most benevolent underwriting offers in a decade. But perhaps the real driver of substandard underwriting this last quarter was the carrier quest for market share. Competition is so fierce that it forces carriers to make business decisions over their established underwriting requirements and procedures. Steve and Jessica review some of the offers on impaired risk cases that made headlines during the substandard season.
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Steve Savant is the host of the daily producer show, Let’s Get Down to Business, and the weekly consumer show, Steve Savant’s Money, the Name of the Game. Both shows are sponsored by Ash Brokerage. Steve is the number one online author and videographer of insurance content. During his 30-year... More