Why is this affecting stock companies and mutuals by and large avoided the crisis. I believe that this is proof that mutuals are better carriers to deal with not only from a purchasing stand point but from an ethics stand point. We now have Met,Prudential, Hartford, CNA, AIG, Allstate, now Hanover. What do they all have in common? Stockholders and corporate officers with stock options looking for a return on investment. The pressure is too much for the management to get a large return on investment and the end loser is the stockholders and policy holders of these companies.
If this rotten company cant make money, who can. They are well known within the claims community for their unsavory, bordering on illegal tactics with their auto claims. They should be making a fortune based on the pure pay.
I can’t even say it’s the high compensation they pay their help. Lord knows that’s not the truth.
Are you kidding? Hanover has been stealing the best people in the industry for quite some time – at $$$$ way above the market. I think those managers in emerging territories are very happy with what they are being paid.
Ahem. Could this be because the mutuals don’t have to report every stinking little detail of their financial statements? From what I’ve been hearing, there are 2 or 3 mutuals from Wisconsin, 2 or 3 from Ohio, and another couple from Iowa that are all headed for 105 combined or worse in 2008 – and all have investment issues as well. But then, they don’t have to report that, do they….. 2009 will be interesting for all those who are heavy (agents) in the mutuals
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Why is this affecting stock companies and mutuals by and large avoided the crisis. I believe that this is proof that mutuals are better carriers to deal with not only from a purchasing stand point but from an ethics stand point. We now have Met,Prudential, Hartford, CNA, AIG, Allstate, now Hanover. What do they all have in common? Stockholders and corporate officers with stock options looking for a return on investment. The pressure is too much for the management to get a large return on investment and the end loser is the stockholders and policy holders of these companies.
If this rotten company cant make money, who can. They are well known within the claims community for their unsavory, bordering on illegal tactics with their auto claims. They should be making a fortune based on the pure pay.
I can’t even say it’s the high compensation they pay their help. Lord knows that’s not the truth.
Whatever, it could not happen to nicer guys.
James Benson, Esq.
Are you kidding? Hanover has been stealing the best people in the industry for quite some time – at $$$$ way above the market. I think those managers in emerging territories are very happy with what they are being paid.
Ahem. Could this be because the mutuals don’t have to report every stinking little detail of their financial statements? From what I’ve been hearing, there are 2 or 3 mutuals from Wisconsin, 2 or 3 from Ohio, and another couple from Iowa that are all headed for 105 combined or worse in 2008 – and all have investment issues as well. But then, they don’t have to report that, do they….. 2009 will be interesting for all those who are heavy (agents) in the mutuals