Something doesn’t add up. If operating expenses were causing the problems, then St. Paul, or management or the Insurance Division ought to have addressed and corrected the situation.
I suspect that the company just was not making it from an underwriting point, yet no one wants to admit it. Why else let it go under????
Someone should look at the bonus packages that they paid the executives even when they reported losing money. Some of the contracts that were signed from day one said they got loads of money even if the business lost money. All of the pissing contests really hampered their development. Employees that were loyal and very capable were pushed out the door instead of welcomed when the business needed to be grown.
Something doesn’t add up. If operating expenses were causing the problems, then St. Paul, or management or the Insurance Division ought to have addressed and corrected the situation.
I suspect that the company just was not making it from an underwriting point, yet no one wants to admit it. Why else let it go under????
You have to pay for good help. Looks like that caught up with American Skyline with lucrative compensation packages at all levels of the organization.
Someone should look at the bonus packages that they paid the executives even when they reported losing money. Some of the contracts that were signed from day one said they got loads of money even if the business lost money. All of the pissing contests really hampered their development. Employees that were loyal and very capable were pushed out the door instead of welcomed when the business needed to be grown.