Perhaps you should read further. Esurance doing bad, Encompass doing bad, raising rates, investment income down. By the way, I wonder why Allstate agents had to form a guild to deal with management on commissions among other things. Yes, Allstate is not the Good Hands people any longer. That claims satisfaction guarantee is being stressed by ACV settlements on roof claims.
nice rant agent. too bad nowhere in your reply did you talk about loss ratio like Mark brought up. loss ratio and combined ratio is WAY more important than just “investment income went down.”
what’s better agent: (a) investment income negative $5M with a 90% loss ratio & 90% combined ratio or (b) investment income positive $20M with 120% loss ratio and 120% combined ratio?
(in your best Horshack voice) OH OH OH. I KNOW!! I KNOW!! I don’t want to spoon feed Agent the answer though.
-still confused :D
May 10, 2016 at 5:15 pm
Agent says:
Like or Dislike:
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Are you one of those guys who think Obamacare is a good deal for the folks? I thought so. Ask a typical Allstate agent how his captive contract is doing for him these days. Ask him if he would really like to be Independent. Most will say they wish they could get out of it. By the way, we tried Encompass several years ago. They were so bad, we said bye bye to them.
nope – i think obamacare is (let me make sure i say this correctly) a super-duper-duper failure. cool? now that I answered your question, answer mine!
what’s better agent: (a) investment income negative $5M with a 90% loss ratio & 90% combined ratio or (b) investment income positive $20M with 120% loss ratio and 120% combined ratio?
You can’t have a 90% loss ratio and a 90% combined ratio. That would mean you have an expense ratio of 0%. We all know carriers are cutting costs expenses to the bone but they’ll never squeeze the expense ratio down to 0% no matter how hard they try LOL.
May 10, 2016 at 11:20 am
jay says:
Like or Dislike:
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1
Allstate can be fix right away, they mistakenly got rid off many agents to move to the online-Esurance and now they’re paying for it. How to fix it-( a creation of a strong underwriting team and reduction of useless agency managers) and off course a hiring frenzy of agents old and new to make sure the first choice of every customer will always be Allstate, but no this is to hard to understand or it may be seen as a retograde idea.
All is not well with the “Good Hands” people.
A lot better than many others. All those CAT losses and still a loss ratio under 100%. Not sure what you think is so bad about that…
because he doesn’t know what a loss ratio is?
Perhaps you should read further. Esurance doing bad, Encompass doing bad, raising rates, investment income down. By the way, I wonder why Allstate agents had to form a guild to deal with management on commissions among other things. Yes, Allstate is not the Good Hands people any longer. That claims satisfaction guarantee is being stressed by ACV settlements on roof claims.
nice rant agent. too bad nowhere in your reply did you talk about loss ratio like Mark brought up. loss ratio and combined ratio is WAY more important than just “investment income went down.”
what’s better agent: (a) investment income negative $5M with a 90% loss ratio & 90% combined ratio or (b) investment income positive $20M with 120% loss ratio and 120% combined ratio?
(in your best Horshack voice) OH OH OH. I KNOW!! I KNOW!! I don’t want to spoon feed Agent the answer though.
-still confused :D
Are you one of those guys who think Obamacare is a good deal for the folks? I thought so. Ask a typical Allstate agent how his captive contract is doing for him these days. Ask him if he would really like to be Independent. Most will say they wish they could get out of it. By the way, we tried Encompass several years ago. They were so bad, we said bye bye to them.
nope – i think obamacare is (let me make sure i say this correctly) a super-duper-duper failure. cool? now that I answered your question, answer mine!
what’s better agent: (a) investment income negative $5M with a 90% loss ratio & 90% combined ratio or (b) investment income positive $20M with 120% loss ratio and 120% combined ratio?
Confused,
You can’t have a 90% loss ratio and a 90% combined ratio. That would mean you have an expense ratio of 0%. We all know carriers are cutting costs expenses to the bone but they’ll never squeeze the expense ratio down to 0% no matter how hard they try LOL.
Allstate can be fix right away, they mistakenly got rid off many agents to move to the online-Esurance and now they’re paying for it. How to fix it-( a creation of a strong underwriting team and reduction of useless agency managers) and off course a hiring frenzy of agents old and new to make sure the first choice of every customer will always be Allstate, but no this is to hard to understand or it may be seen as a retograde idea.