DISCLOSURE ??

We have recently seen a barrage of emails and newsletters from Cossio Insurance demanding a full disclosure of OUR insurance program and a number of the insurance professionals charged with maintaining the program's INTEGRITY.

What we have seen in these diatribes is an unwarranted attack by Mr. Cossio on our agents and a lack of DISCLOSURE by the C. I. A. (cute name)

1. Mr. Cossio states he came up with a competitive program in 1996, but by 1998-99 he was writing with us and WE developed the program that is still in place today. Did his program only last TWO years?

2. Mr. Cossio bashes our agents for charging fees but Mr. Cossio charged fees himself back in 1999-2003 under the PAINTBALL BUSINESS ASSOCIATION

3. Mr. Cossio has FAILED to point out that his lead GENERAL LIABILITY carrier, LEXINGTON INSURANCE COMPANY, IS NON-ADMITTED. A non-admitted carrier has no protection under the STATE GUARANTY FUND in the event of CARRIER INSOLVENCY. Mr. Cossio also fails to point out that it is ILLEGAL, in many states, for an agent to switch from an ADMITTED INSURANCE COMPANY, (such as OUR CARRIER) to a non-admitted company. THIS IS ACTUALLY AGAINST MANY STATE INSURANCE LAWS.

4. Mr. Cossio questions whether our agents are licensed. We write no coverage for anyone if they do not hold a valid license.

5. Mr. Cossio states he used to write business for us. This is true, but we discontinued this in 2003. There are a number of reasons we decided against continuing a business relationship with Mr. Cossio.

6. Our Paintball program has been around over 10 years with stable, competitive pricing achieved by experience and solid underwriting. ALL Mr. Cossio talks about is how cheap his pricing is. Where has he been for 5 years, when there was a struggle to find coverage? Are his insurance carriers familiar with paintball risks and claims? With his promises of cheap rates, will they disappear, like Mr. Cossio did, after a couple of years? Ask your state insurance department about these "NEW" carriers. One is totally NEW TO PARTICIPANT ACCIDENT coverage and one has a TERRIBLE CLAIMS PAYMENT REPUTATION. You can actually check out these facts.

7. Paintball insurance has always been hard to find at a reasonable price with quality ADMITTED carriers that provide needed coverages. Watch out for advertising that boasts cheap prices and bashes the people that kept this program operating. Mr. Cossio's program management skills are unproven at this time.

BE AWARE OF FALLING RATES AHEAD !!!!!

© Copyright 1999 - 2007, 68Caliber.Com

Top of Page