KRD Risk Management Consulting & Insurance Group, LLC

we're all in a pinch with gas up, food up, etc. and if there's one thing all of us have in common, it's concern about home, auto, condo, etc. insurance rates and then this just hit my desk:

Hello,

Insurance company # # # is taking further profitability actions in TX and OK. Formal notifications will be sent directly to you soon.

Our local representatives will be meeting with all agencies that are appointed with Insurance company # # #



Effective November 10, 2023, we are taking the following actions in Texas impacting new business in the Insurance company # # Property programs in select counties or statewide as detailed below:



We are pausing new business for all insuring company # # # property products ( # # , Texas Homeowners Policy Form A, Texas Dwelling Policy Form 1 (TDP1), Texas Dwelling Policy Form 3 (TDP3), Condo Landlord, Condo Homeowners, Tenant and # # #) products in the following 25 Texas coastal counties: Aransas, Bee, Brazoria, Calhoun, Cameron, Chambers, Fort Bend, Galveston, Goliad, Hardin, Harris, Jackson, Jefferson, Kenedy, Kleberg, Liberty, Matagorda, Montgomery, Nueces, Orange, Refugio, San Patricio, Victoria, Wharton, and Willacy.
Homeowners, HOA, TDP1, and Vacant and Rental Condominium risks will still be accepted in counties served by Texas Windstorm Insurance Association and with a Signed Acceptance of Windstorm or Hail Exclusion.
We are pausing new business for TDP1 and TDP3 Landlord and Owner Occupied uses in Bexar, Collin, Dallas, Denton, Rockwall and Tarrant counties.
We are pausing new business for Condo Homeowners and Tenant policies statewide.

with the tragic events unfolding now in Maine...

does your company:

have active shooter guidelines and procedures for staff in the event tragedy hits your premises?
does the company purchase active shooter insurance?
if the local law enforcement has the plans on the building

Have you reviewed the Active Shooter Event Quick Reference Guide — FBI

your doors (including front) should be opened only by staff allowing visitors in/ ie. no unfettered access for anyone. Buzz in and better doors.
if you don't have any bullet proof rooms and you don't have any idea if a family member or vendor or disgruntled employee even has a handgun on them, then you're vulnerable.
(signs about handguns on premises and even a TRO on a disgruntled employee won't be a deterrent)

Having been with the insurer on Columbine, prospecting Cinemark during the Batman shooting, the former u/w on Mandalay Bay, and major hospital systems and restaurants and financial institutions across the country, you and all staff should have training and the risk management team has hopefully evaluated an insurance policy.
ask me for the application and all the guidelines we have in our library to assist.

for some companies this policy is pennies per day and even more important is the risk management procedures and protocols being known by staff. Training matters.
[email protected]
krd.loroinsurance.com
214-923-2724

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