Here we go again, First Magnolia,  then Northern Capital, then Argus and now Olympus Insurance.The surpluses from the end of 2009 were 21 million and now they are at 14 million. I wonder where this money has gone(please read a proior blog about this topic)??? However they have been put under watch for Home Insurance survival until May 7th to set up a corrective plan for reinsurance to avoid the issues that will come. We all hope this will end up  ok, but who knows anymore or who can trust some of these carriers? Please read the full article below and stay Tuned.

http://www.insurancejournal.com/news/southeast/2010/04/12/108914.htm

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