Canal Update #4
Trans4Cast: Week 39: 2017
Canal Update #2
This is our second update to you this week regarding AM Best’s downgrade of Canal to B++ stable good. We have been in close contact with Canal this week. Their communication with us has been excellent and reassuring. We can report that Canal fully understands what they must quickly and logically accomplish to retain the full confidence of the motor carrier and motor carrier insurance industries. Fortunately (and ironically from an AM Best standpoint), due to Canal’s ultra-strong capital position, we believe that you will hear satisfactory news offering additional security and reassurance very soon. Paul Brocklebank, President and CEO of Canal, and his entire management team are working tirelessly and effectively.
Call us if you have any questions or problems whatsoever. We will work to retain your complete trust and confidence. WEL always has appreciated both our Carriers and our Retail Agents. Without you, we are nothing. So, now is a great time for us to shine for you! Stay tuned for more direct and specific communications from us before the end of this week.
For more info please refer to the Canal Document “Reasons to Believe.”
John H. Love