Bluefire Insurance Review – Is This Life Insurance Company Right For You?

 

You may be wondering if Bluefire Insurance is a good option for your life insurance needs. The company offers a variety of insurance policies, including life insurance, and the rates are quite affordable. Not only do they offer affordable rates, but they also offer peace of mind. We’ve rounded up a few positive and negative reviews about Bluefire, including its 1.0-star customer rating. Keep reading to learn more about this company and whether it’s worth your time.
Bluefire Insurance is the only MGA of its kind

Bluefire Insurance is a specialist non-standard auto MGA that has completed an alternative capital transaction. Through the deal, Bluefire will assume the risk of personal auto insurance in the US through collateralized reinsurance agreement with AXA XL and a Bermuda segregated cell as retrocessionaire. AXA XL Reinsurance will reinsure Bluefire’s personal auto business with a minimum premium of $25 million.

Its website provides contact details, a FAQ page, and unbiased reviews about the company. The Bluefire Insurance website has information about history, employment, and demographics. There are more than 20 customer reviews posted on its website; these are all anonymous. Many customers are happy with Bluefire Insurance’s service and claims. As of October 2016, the company has resolved more than 67% of customer complaints filed with the Business Consumer Alliance. Its Managing Director has an impressive track record of resolving customer complaints.

Infinity has the second-highest nonstandard rating and more complaints to state regulators than any other auto insurer. Aside from its insurance offerings, Bluefire is also a leading wilderness therapy program for teenagers. These programs deal with emotional, behavioral, and mental issues. In addition, blueFire uses over 4000 public videos and does not use copyrighted material. Its claims handling is reviewed by a third-party panel.

With a variety of insurance products at low rates, Bluefire can help even high-risk drivers find affordable insurance. They partner with several well-known insurance companies and offer a variety of insurance products at competitive rates. Unlike other insurance companies, Bluefire does not offer an online search for agents; customers must call a hotline to speak to a live agent. In the event of an emergency, Bluefire offers roadside assistance to its policyholders.
It has 1.0 stars from 4 reviews

While not a large company, Bluefire insurance is a popular choice among auto insurance consumers. Customers report that Bluefire has prompt customer service and reasonable rates. In addition to being rated 1.0 stars by consumers, Bluefire is also popular on Facebook, where it has 295 fans. The company aspires to be the only MGA of its kind. However, customers have some complaints, which are addressed by their customer support team.

As a high-risk driver, Bluefire Insurance can help you find affordable auto insurance for your vehicle. It is a partner with renowned insurance firms to provide a diverse selection of insurance products. However, the company does not have an online agent search, so you will have to call a customer service hotline to contact a live person. Overall, Bluefire Insurance has a favorable rating from customers, and they have good coworkers.
It has no real structure

Unlike other reinsurance companies, Bluefire Insurance is a digitally-only entity that writes premium across its platform. There is no real structure, but it manages a panel of reinsurers behind carrier relationships. It cedes two-thirds of its premiums to reinsurers under quota share arrangements. Although this arrangement creates a virtual entity, it does not make it less real. Bluefire’s founders are not shareholders, and they remain anonymous.