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/biz/ - Business & Finance

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50184498 No.50184498 [Reply] [Original]

My home insurance was canceled because the company was deemed insolvent. Am I entitled to money back? I literally paid ahead for the year a week before getting the letter

>> No.50184509

>>50184498
Did they took the money and gambled with stock options?

>> No.50184521

What does insolvent mean to you anon?

>> No.50184528

>>50184509
Too lazy to get out of bed to check letter but I believe a bank declared they were insolvent and they regretfully informed me to switch to a new insurance by next month. How is this legal

>> No.50184538

>>50184521
Unable to pay debts. But why did they redeem? Please sirs….. that was to feed my

>> No.50184558
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50184558

>>50184538
You don’t NEED my money.

>> No.50184594

>>50184528
Unless there was multiple people home getting damaged, I failed to see how they go bankrupt. Unless they pulled a celsius

>> No.50184614
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50184614

>>50184558
Rip reece penita

>> No.50184647
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50184647

>>50184614
you don’t NEED my money.

>> No.50184657

>>50184647
>>50184558
5 scoops

>> No.50185450

>>50184498
Southern Fidelity? Your state's state guaranty fund should cover it

>> No.50185489

>>50184498
almost makes you wish they could be held mathematically accountable by using some sort of smart contract.