Oh well. Even alligators bite off more than they can chew sometimes. They have gotten too big, too quick. They have so many computer systems that they are trying to combine into 1 now that it takes an unreasonable amount of time to get anything accomplished.
Actually, the real growth and profitability will be from the independent agent side (Agency Markets). They’ve managed to grow in premium and PLIF count despite losing rate.
Coupled that with a hardening market (which is coming), we’ll do just fine.
Keep drinking the Koolaid. Personal Lines will be less profitable with people driving older cars since they can’t afford new ones or repairs. Better get alot of UM premium since lapses will be rampant.
Big difference between Liberty Mutual (direct) and Liberty Mutual Agency
Markets. Agency Markets will be fine since they don’t handle many of those accounts and Liberty Mutual direct can back up the accounts listed by someone earlier. Ted Kelly already spoke to that and gave out numbers earlier this fall so that everyone can see that Liberty Mutual is not in the same situation as AIG. Besides, after what The Harford just did in their most recent purchase, Liberty Mutual and ALL its segments are looking better than ever. Ride on guys.
With Liberty’s exposure to banks and auto parts mfg they are in for huge financial losses going forward.
No it won’t.
Is Safeco that bad?
We insure:
National City
Fifth Third
Commerce Bank
TD Banknorth
Arvin Meritor
Chrysler parts mfg
All BIG losers in this mess!!!
Oh well. Even alligators bite off more than they can chew sometimes. They have gotten too big, too quick. They have so many computer systems that they are trying to combine into 1 now that it takes an unreasonable amount of time to get anything accomplished.
Actually, the real growth and profitability will be from the independent agent side (Agency Markets). They’ve managed to grow in premium and PLIF count despite losing rate.
Coupled that with a hardening market (which is coming), we’ll do just fine.
Keep drinking the Koolaid. Personal Lines will be less profitable with people driving older cars since they can’t afford new ones or repairs. Better get alot of UM premium since lapses will be rampant.
Big difference between Liberty Mutual (direct) and Liberty Mutual Agency
Markets. Agency Markets will be fine since they don’t handle many of those accounts and Liberty Mutual direct can back up the accounts listed by someone earlier. Ted Kelly already spoke to that and gave out numbers earlier this fall so that everyone can see that Liberty Mutual is not in the same situation as AIG. Besides, after what The Harford just did in their most recent purchase, Liberty Mutual and ALL its segments are looking better than ever. Ride on guys.
You sneeky little vixen!!