Clear Blue Insurance to Exit Repossession Market in TX and NY

Clear Blue Insurance Group Exiting Repossession Market in Texas and New York

Our partners at Harding Brooks Insurance brought to our attention that Clear Blue Insurance Group will not be renewing repossession policies currently in force in the states of TX and NY. There are also strong indications that other states will be following shortly.

This has happened before, and many ARA members were left last minute without insurance to continue operating. We take great care and responsibility in educating and assisting the industry with the knowledge to be successful.

As Clear Blue exits the repossession space, your policy will remain in force until the expiration date. The insurance agents who represent this carrier may not be quick to tell you about this situation for fear you will shop your insurance. We encourage you to begin preparing to replace your policy at least 90 days from your expiration date, if not earlier.

If you are written with Clear Blue, please do the following:

Request your loss runs for the past 5 years
Put together your renewal packet
Market your Insurance
Begin at least 90 days out from your renewal date

In 2016, there were several insurance carriers that left our space due to the commercial auto field being so volatile.

This left many recovery agencies in a difficult situation because the communication came too late, and they were caught off guard.

Harding Brooks Insurance Agency has been a great partner to the American Recovery Association and the entire industry. They have two strong carriers that compete for your business, with no plans to exit.