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Arrowood Indemnity Company
United States
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Consumer complaints and reviews about Arrowood Indemnity Company
StacyM
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Nov 2, 2023
Fraudulent practices
Do you guys know that Arrowood Indemnity Company aka Arrowpoint capital is a run-off company with no premium income? Was your bank account frozen or lien placed on your primary residence with a default judgment on some student loan and some lease agreement you never heard of by Arrowood? These FRAUDSTERS did this to me!!!!
Arrowood is a huge SCAM fraudulently obtaining default judgments and running UNLICENSED by Dept of Corporations in NY despite of the fact that Arrowood has engaged in INTERSTATE COMMERCE and has been a DEBT BUYER. Arrowood buys defaulted loans from multiple lending institutions such as Citibank, Discover etc for the purpose of having third party collectors bill and collect funds on Arrowood's behalf.
Arrowood Indemnity Company released its 2023 first quarter statutory financial statements on June 8. Typically, statements are due 45 days after the close of the quarter, i.e., May 15, August 15, and November 15. No reason was given for the late filing.
Many experts are baffle by the fact that Arrowood continues in “solvent” run-off despite of the fact that Arrowood is no longer writing new business and is running off its existing liabilities. This is an ABSURD situation.
Arrowood was assessed Sanctions in Texas for their Failure to timely provide required information. (The consent order link is here:
Arrowood fraudulently obtained a default judgment against me in New York FALSELY claiming I owe monies to them for a “STUDENT LOAN” and a “written LEASE agreement”.
Contact your state AG, Report Arrowood to your local authorities for fraud and sign petition on Change!
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