Not because of this article but, from where I set in Florida, things are pretty dicey. The P&C business is really teetering on the precipice. They let the soft, under priced and poor underwriting scheme go on far too long. If we have a major storm in Florida or some serious setbacks in losses or expenses we will be looking at some liquidations. For those of you outside of Florida, I want to steal a quote from a famous rant by Jim Cramer of CNBC right as the mortgage catastrophe unfolded. “They have no idea how bad it is out there, no idea! They have no idea!!!”
Not because of this article but, from where I set in Florida, things are pretty dicey. The P&C business is really teetering on the precipice. They let the soft, under priced and poor underwriting scheme go on far too long. If we have a major storm in Florida or some serious setbacks in losses or expenses we will be looking at some liquidations. For those of you outside of Florida, I want to steal a quote from a famous rant by Jim Cramer of CNBC right as the mortgage catastrophe unfolded. “They have no idea how bad it is out there, no idea! They have no idea!!!”
But it really is pretty scary.