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Kingsway Q1 Financial Results Hit Again by Lincoln Reserving

International News • May 8, 2008
Specialty insurer Kingsway Financial Services swung to a loss in the first quarter as it increased reserves at its Lincoln General and Kingsway General subsidiaries, the company said ...

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Subject: Reserves vs Rates

Posted On: May 8, 2008, 1:56 pm CDT
Posted By: Confused on the math?
Comment:
What a nightmare - having to figure out the reserves on this book. But wouldn't a better pricing matrix be in line with this change as well? LGIC is known in offering substantially lower market rates in trucking, which explains this mess and why this happened. Keeping these same pricing structures doesn't make much more sense going forward, right? The fronting charges on State National deals can't be cheap, so how is a turn-around even likely? I guess I just don't get it! Good luck!
Subject Posted By Posted On
Kingsway General Agents AZInsMan
May 8, 2008, 3:10 pm
Reserves vs Rates Confused on the math?
May 8, 2008, 1:56 pm
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