A couple of weeks ago the CEO of Lib Mutual lectured about how his underwriters are practicing underwriting discipline, and are walking away from marginal or aggressively priced business. This is the same guy that would say his dog is a well behaved pet as the dog bites the mailman and every kid in the neighborhood. Dude, O_P_E_N YOUR EYES !! Lib mutual and their regional markets are driving this soft market with their outrageous pricing. And I just spent 2 days with a CL manager from one of the regionals, and he said – we are just getting started!
Ha! Now the sharks are swarming the waters of the Northeast! Good Luck New Englanders.The sharks bite and when the bite they bite hard.
The CEO’s/CFO’s need to come up with a way to increase their bonuses so you’re the target now so it seems!
Good Luck.
They are making money hand over fist off the general publics hard working backs.
Well I predicted it. I said the Insurance Co.’s would find another way to reap their billions and so they have.
Roll up your sleeves claims personnel you are about to embark on a money making mission for those who could give to flying toots about you,work your butt to the bone and the people that think they know everything who have begged.borrowed,cheated and lied will go home fat happy wealthy sharks!
Matt get with the program. The risk is now there that N.E.COULD have the BIG one and they will have to raise rates to be ready!
You must not have been in the Insurance Industry for too long!
I worked for Liberty Mutual for 16 years. They expanded in all areas after I left in 2002 to be the force they are today. This company knows exactly what they are doing. Kelly and the gang up in New England got this concept right when it comes to pricing, payout and forecasting. I don’t toot their horn but they are what they are now. Now as a independent Cat adjuster…hell yeah I want disasters so I can get paid. Nothing wrong with that since it’s the American way….Let’s go Bill !!!
LM has a slightly less-than-stellar reputation for underwriting?!? Really? They don’t hold a candle to the government-subsidized wh*res at Lexington and their spin-offs Gemini and IronShore! It is true that Bush started us (unknowingly I might add) down the road of wiping out the free enterprise system in America.
By the way, how’s that “Hope and Change” workin’ out for you?
Is one Insurance Company any better than another? I mean really! Neither wants to pay and they all want to raise premiums based on their round table meetings at which time they throw hypothesis of what’s to come weatherwise!
Get real and face reality.They ned to raise rates to compensate themselves,the executives not to pay claims!
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A couple of weeks ago the CEO of Lib Mutual lectured about how his underwriters are practicing underwriting discipline, and are walking away from marginal or aggressively priced business. This is the same guy that would say his dog is a well behaved pet as the dog bites the mailman and every kid in the neighborhood. Dude, O_P_E_N YOUR EYES !! Lib mutual and their regional markets are driving this soft market with their outrageous pricing. And I just spent 2 days with a CL manager from one of the regionals, and he said – we are just getting started!
Ha! Now the sharks are swarming the waters of the Northeast! Good Luck New Englanders.The sharks bite and when the bite they bite hard.
The CEO’s/CFO’s need to come up with a way to increase their bonuses so you’re the target now so it seems!
Good Luck.
They are making money hand over fist off the general publics hard working backs.
Well I predicted it. I said the Insurance Co.’s would find another way to reap their billions and so they have.
Roll up your sleeves claims personnel you are about to embark on a money making mission for those who could give to flying toots about you,work your butt to the bone and the people that think they know everything who have begged.borrowed,cheated and lied will go home fat happy wealthy sharks!
Matt get with the program. The risk is now there that N.E.COULD have the BIG one and they will have to raise rates to be ready!
You must not have been in the Insurance Industry for too long!
You have got to be kidding me! Your statement is ignorant at best!
Sorry!
Now here is a person that knows his stuff!
WAA!
I worked for Liberty Mutual for 16 years. They expanded in all areas after I left in 2002 to be the force they are today. This company knows exactly what they are doing. Kelly and the gang up in New England got this concept right when it comes to pricing, payout and forecasting. I don’t toot their horn but they are what they are now. Now as a independent Cat adjuster…hell yeah I want disasters so I can get paid. Nothing wrong with that since it’s the American way….Let’s go Bill !!!
LM has a slightly less-than-stellar reputation for underwriting?!? Really? They don’t hold a candle to the government-subsidized wh*res at Lexington and their spin-offs Gemini and IronShore! It is true that Bush started us (unknowingly I might add) down the road of wiping out the free enterprise system in America.
By the way, how’s that “Hope and Change” workin’ out for you?
You can have your east coast storms just keep them out of the gulf!
Agreed with keeping them out of the Gulf!
Is one Insurance Company any better than another? I mean really! Neither wants to pay and they all want to raise premiums based on their round table meetings at which time they throw hypothesis of what’s to come weatherwise!
Get real and face reality.They ned to raise rates to compensate themselves,the executives not to pay claims!