What is Velocity?
Another prominent player in the insurance brokerage game is Velocity Risk Underwriters. Velocity is headquartered in Nashville, Tennessee. Like AmRisc, Velocity has crafted its own form of unfair arbitration clause that places the burden on Texas policyholders to travel, at extensive cost, to its home turf – Nashville – to resolve an insurance dispute. And like the AmRisc program, Velocity’s arbitration provision gives no consideration to the fact that the policyholders and properties involved – or, for that matter the insurers – have no connection whatsoever to Tennessee.