d. I hope Obama and the rest see this. This is an outrage. An Insurance company turning a profit. How wrong can this be? They need to be in trouble like the banking industry, including Freddie and Fannie. Where did the Fed’s go wrong on allowing this to happen? I’m flabbergasted. We need Federal Insurance regulation to stop this healthy growth of our Insurance market. The next thing you know, people are going to think State regulated Insurance is doing things right and the Fed’s aren’t. Stop the madness!!
Although I know your tongue is firmly planted in your cheek when you made you last comment…. what should outrage you is that good markets like and others like Travelers are having to battle it out on an uneven playing field out there.
While Zurich & others are trying to earn a profit via a disciplined underwriting and sales model…Hartford & AIG can com in, stay afloat via the government handouts, and compete and slash the pricing in order to write new business… Gee…must be nice to not worry about turning a profit there Hartford…just go ahead and use your Florida bank to justify some more TARP handouts.
To Baxtor & Steve,
Great comments by both of you. Take a bow.
d. I hope Obama and the rest see this. This is an outrage. An Insurance company turning a profit. How wrong can this be? They need to be in trouble like the banking industry, including Freddie and Fannie. Where did the Fed’s go wrong on allowing this to happen? I’m flabbergasted. We need Federal Insurance regulation to stop this healthy growth of our Insurance market. The next thing you know, people are going to think State regulated Insurance is doing things right and the Fed’s aren’t. Stop the madness!!
Although I know your tongue is firmly planted in your cheek when you made you last comment…. what should outrage you is that good markets like and others like Travelers are having to battle it out on an uneven playing field out there.
While Zurich & others are trying to earn a profit via a disciplined underwriting and sales model…Hartford & AIG can com in, stay afloat via the government handouts, and compete and slash the pricing in order to write new business… Gee…must be nice to not worry about turning a profit there Hartford…just go ahead and use your Florida bank to justify some more TARP handouts.
There’s the outrage.