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Prime Insurance Company
An excess and surplus lines insurance company writing in all 50 states. Rated A (Excellent) by A.M. Best.
·???? Amusement & Recreation
·???? Bounty Hunters & Bail Bond Agents
·???? Commercial Auto
·???? Commercial Property
·???? Contractors
·???? Gun Shops
·???? Homeowners & Condo Owners
·???? Liquor Liability
·???? Security Guards & Police
·???? Towing & Repo
Prime Insurance Company can help you write more business. Call 800.257.5590 or email [email protected] for a free quote.
Mega Trucking and Prime Insurance Company Partner to Fight and Win Frivolous Litigation
Rick J. Lindsey, President and CEO of Prime Insurance Company, a specialty insurance carrier,?announced today that the company partnered with Mega Trucking to fight and win frivolous litigation against Mega that was fueled by overzealous plaintiff’s lawyers who were overpromising to their client that they could get rich even when the accident was due to their own negligence. Mega and Prime worked together and fought and won. The jury agreed that the amputee plaintiff who sued Mega should not recover anything due to his own actions which made him 100% responsible for the accident.
This claim arose from a motor vehicle collision in Highlands County, FL. Errol Shaw was driving for Mega Trucking when the accident occurred. Shaw was completing a right turn from a stop sign after he had stopped, as evidenced by his dash camera, a video surveillance camera, and an independent witness.
Prime Insurance Protects Your Clients Against Frivolous Lawsuits
There are potentially valid insurance claims and there are frivolous lawsuits. Prime Insurance Company is your ideal insurance partner, fighting for your clients in all cases. With talented and skilled in-house teams including risk management and legal professionals, we deliver excellent results. Insurance producers who want a good insurance partner need to look no further than Prime.
Frivolous Lawsuits and ‘Nuclear Verdicts’
There is a natural human response to fear and threats, which many plaintiff attorneys use to win over juries in insurance claims that go to trial. The result – verdicts and awards that are climbing ever higher. Once they hit the $10 million threshold, these are known as nuclear verdicts, leaving a mess of destruction in their path.
It is not hard to find examples of these massive, verdicts. As the?law.com?article notes, many of these nuclear verdicts are not paid in full, with post-trial settlements, appeals, appellate reviews, and other scenarios. Still, these very high verdicts can ultimately inflate even a post-trial settlement once the bar has been set.
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Prime More Than An Insurer - A Trusted Partner
Prime Insurance Company has forged a path built on partnership, clear communication, and a constructive approach to risk. CEO Rick Lindsey explains how it’s done to Intelligent Insurer.
Rick Lindsey’s straight-talking, partnership-driven approach to insurance stands in contrast to the current trend within the industry for exclusions and cancellations. While many insurance companies are responding to crises by withdrawing coverage, the?Prime?chief executive officer believes the answer is to keep writing the insurance insureds need—but to price it right.
“Everybody is canceling because they didn’t think there were going to be wildfires in California,” Lindsey says.
“There have always been fires in the west, so the problem is they didn’t get enough premium. It’s amazing to me that as an industry we are always selling at a lower price. I wonder how well Mercedes would do if they were selling at a cheaper price all the time?
“It’s up to us to raise the bar and do a better job of telling people things they don’t want to hear, but providing them with the coverage they really need. If I insure a home in Florida, for example, I give them wind and flood in their homeowners’ policy; I don’t exclude wind and flood, because wind and flood are what they need in Florida.
Latest Episodes of the I HATE INSURANCE! Podcast
I HATE INSURANCE! Podcast
The I Hate Insurance! Podcast is hosted by Prime Insurance Company along with CEO Rick J. Lindsey. The podcast includes Prime product highlights, claims stories, and guest appearances from employees, producers, and insureds.
Lastest Episodes:
Homeowners Insurance with Alex Zedra & Adam Scherr
Tony Sentmanat & Matt "The Collector"
Scott Volquartsen & Philip Toppino
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Where we are headed
Check out where we are headed. If you are in the area, we would love to meet you or suggest an event/meeting. Also, please feel free to reach out to us about meeting at your place or at ours. Contact Barbara Malkowski at [email protected] for more information.