Posted On: March 25, 2005, 3:14 pm CST

Posted By: Small Company Guy

Again, let's not paint everyone in the industry with a broad brush. It is a shame that a few individuals with executive power can have a negative influence on subordinates who otherwise are people of extreme integrity and honesty.

Coming from a small company less than $10M of written premium, I was always wondering how the big giant carriers could always hit "their numbers" and not show an extreme amount of volatility from one period to the next. Looks like I found my answer, in off-shore reinsurance recoverables.

As for liability setting, I would much rather see a carrier set appropriate loss reserve levels. I sure hate it when they don't and I'm assessed with the resulting mop up from the guarantee fund and I have to include their low rate marketing fiascos into my current rates.