S&P: Softening Prices Should Start To Affect U.S. Commercial Lines Insurers
National News • November 30, 2007
Another very profitable year for commercial lines insurers, sparked by yet another exceptionally mild hurricane season, is emerging for the entire U.S. property/casualty industry, says Standard & ...
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Subject: Does anyone know what IBNR really means???
Posted On: November 30, 2007, 1:20 pm CST
Posted By: Future?
Comment:
Yes it has been a mild hurricane season, but that's not the only iron in the fire - Try construction defect issues like the Lamar decision in TX - just to scratch the surface - with more and more "class action" litigation and something called a TAIL on commercial liability exposures - comparing 2006 to 2007 is a joke. We don't even know how the China products issue is going to pan out - I'm sure that is still looming well over the horizon - Everyone lets jump on the band wagon and sue - it's the american way.
If you are in business - you are there to make money - And if you're in business to stay in business, your responsibilities are not only to your customer, but the stockholders who have invested in your business.
You don't think the Oil and Gas industry aren't making obscene profits? And who is making waves there - do we see a reduction in the cost of gasoline? I think not - Call Exxon and see how much they made last year - or how much their corporate officers made in "bonuses"
I don't see people stomping down the doors at the US Government and asking why we pay almost 2 billion dollars a year to farmers NOT to grow corn (ala our tax dollars) Of course, that ethanol thing couldn't possibly help our own country. Instead we keep prices high and export overseas... Currently, there are 34 million acres of land that have been retired under the Conservation Reserve Program. (Hoag and Holloway 187.
Hum... who is the big bad wolf now?
Subject: Does anyone know what IBNR really means???
If you are in business - you are there to make money - And if you're in business to stay in business, your responsibilities are not only to your customer, but the stockholders who have invested in your business.
You don't think the Oil and Gas industry aren't making obscene profits? And who is making waves there - do we see a reduction in the cost of gasoline? I think not - Call Exxon and see how much they made last year - or how much their corporate officers made in "bonuses"
I don't see people stomping down the doors at the US Government and asking why we pay almost 2 billion dollars a year to farmers NOT to grow corn (ala our tax dollars) Of course, that ethanol thing couldn't possibly help our own country. Instead we keep prices high and export overseas... Currently, there are 34 million acres of land that have been retired under the Conservation Reserve Program. (Hoag and Holloway 187.
Hum... who is the big bad wolf now?