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P/C Industry Posts $1.3B Loss in Q1; Combined Ratio Up to 102.2

National News • June 29, 2009
The property/casualty insurance industry suffered a $1.3 billion net loss after taxes for first-quarter 2009, which constitutes a $9.8 billion adverse swing from the industry's $8.5 billion in net ...

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Subject: RE: CNA "A" and Negative implication/outlook

Posted On: July 1, 2009, 5:39 am CDT
Posted By: Dally Po
Comment:
CNA's rating is also given a Negative outlook by AM Best. But look at their stock soar in the past 2 months? Selective is the company that seems to be in complete disarray. They have no clue what is going on in the Midwest, and their only answer is very aggressive pricing to the point of stupidity. No discipline. But the one to watch is Lib and all of her Liblings. Indiana, Peerless, Safeco, etc. That monster is "A" and negative by AM Best, and just about every financial analysis firm has them in financial distress. With what they've been doing with that book of business, AM Best has to do something more drastic with that rating soon. (?)
Subject Posted By Posted On
Boohoohoo! Befuddled
Jul 6, 2009, 4:22 pm
RE: CNA "A" and Negative implication/outlook Dally Po
Jul 1, 2009, 5:39 am
CNA "first to go" ??? Taco John
Jul 1, 2009, 12:10 am
RE: RE: RE: RE: Hard Market?? bring it on
Jun 30, 2009, 1:21 pm
RE: RE: RE: Hard Market?? underwriter
Jun 30, 2009, 8:13 am
RE: Hard Market?? WI Agent
Jun 30, 2009, 5:25 am
Dumb things WI Agent
Jun 30, 2009, 5:11 am
Hard Market?? Broker
Jun 29, 2009, 5:50 pm
RE: RE: Hard Market?? Production Manager
Jun 29, 2009, 1:44 pm
RE: Hard Market?? Doctor J
Jun 29, 2009, 12:51 pm
Hard Market?? AZInsMan
Jun 29, 2009, 12:40 pm
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