Is MIG going the way of Tower Group? With ample capacity in the commercial lines market, why would any broker/agent risk utilizing such a financially weak underwriter? Such a move doesn't make much sense to me. It will be interesting to observe further developments with respect to this insurer.
It seems like the same issue: They wrote policies too cheap back in 2010, 2011, 2012..........I think they had a profit in excess of $0.50 for 2013. I'll have to recheck to see what they said earlier about 2013, but this doesn't look good to me.