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Mass. Economic Warning: Insurance Market Short on Capital

East News • January 27, 2006
Massachusetts is facing a shortage of insurance capital that could jeopardize the state's entire economy, especially if a major storm hits the metropolitan Boston area, the Commonwealth's ...

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Subject: RE: Is anyone surprised???

Posted On: January 30, 2006, 3:37 pm CST
Posted By: Doug
Comment:
How is getting Geico and Progressive into Massachusetts going to help the homeowners' situation? Neither of them sell homeowners. Furthermore, Allstate and State Farm -- whose reserves the Commsissioner apparently doesn't include in her calculations -- already sell homeowners in Mass but not on the coast. Bowler seriously underestimates the size of the surplus -- which is more than $110 billion -- as a sop to out of state companies so she can try to get auto reform passed. She should deal with them as separate, and different, issues.
Subject Posted By Posted On
Home of Kennedy Mr. Hankie
Jan 31, 2006, 6:50 am
RE: Is anyone surprised??? Doug
Jan 30, 2006, 3:37 pm
RE: Is anyone surprised??? John Alberts CPCU
Jan 29, 2006, 7:36 am
Pleasant Surprise Jane Logan, CPCU
Jan 27, 2006, 7:14 pm
Is anyone surprised??? Mike
Jan 27, 2006, 2:38 pm
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