@ Baxtor, This might still include Sentry as even if their pricing is 30-50% below “market” rates, they can still be 5% above their expiring rates. The same could be said of AIG the leader in lead excess liability quotes. In general they are seeking and usually getting 5-7% rate increases on their book of business which in many cases is still 30-50% below “market” rates. At least Sentry’s alleged irresponsibility is not financed with taxpayer bailout dollars the way AIG’s is.
What side of Sentry are you seeing these rates, their Dealer Operations side, i.e. car dealers, garages, or their Business Products side, i.e Food Processing, electrical mfg’s?
This must exclude Sentry. They still have the lowest rates by 30% and in some cases as much as 40-50%.
@ Baxtor, This might still include Sentry as even if their pricing is 30-50% below “market” rates, they can still be 5% above their expiring rates. The same could be said of AIG the leader in lead excess liability quotes. In general they are seeking and usually getting 5-7% rate increases on their book of business which in many cases is still 30-50% below “market” rates. At least Sentry’s alleged irresponsibility is not financed with taxpayer bailout dollars the way AIG’s is.
Dave—AIG paid off the government in December of 2012 with a $20B plus profit back to the US. May want to fact check your taxpayer bailout quote.
Baxter-
What side of Sentry are you seeing these rates, their Dealer Operations side, i.e. car dealers, garages, or their Business Products side, i.e Food Processing, electrical mfg’s?