MARK. GET A LIFE, BUD! MAYBE YOU SHOULD PREDICT THE FUTURE. KATRINA, SABRINA, BATRINA…WHAT HAS ALLSTATE PAID? IT DENIED ITS CLAIMS WITH ITS \”WHAT CAME FIRST, THE CHICKEN OR THE EGG?\” AS ITS JUSTIFICATIONS FOR NOT PAYING ITS POLICYHOLDERS. lET\’S SEE…BEFORE THIS HORRENDOUS HURRICANE FORCE WINDS…YOUR HOUSE WAS FLOODED AND THEREFORE IT WAS ALREADY DAMAGED BEFORE THE COVERED EVENT, I.E., WINDSTROM!! PLUS, NO ALE FOR YOU, EITHER. MARK, WHETHER ITS LICENSE 6 OR 63 AS REQ\’D BY THE SEC … THE CARDINAL RULE IS: DON\’T TELL THE PUBLIC THAT PAST STOCK SUCCESS IS AN INDICATOR OF FUTURE SUCCESS. FROM ME TO YOU: DON\’T RIDE A HORSE BEFORE YOU PUT A SADDLE ON IT; OTHERWISE, YOU MAY WIND UP LIKE HUMPTY-DUMPTY…YOU DODO BIRD!!
Could Allstate\’s rates be actuarially correct, but their claim settlement practices distort their premium-to-loss-to-profit-to-new fiscal year premium ratio calculations…?
Now, if forced to lower their \”high\” rates, based on crossed referenced [synthetically low] claim settlement loss values, how will they actually make the books work out to reflect actual replacement cost data they need to collect premiums for?
Does actual MSB Replacement Cost Data, used to help establish rational [homeowner] structural coverage premium, minus synthetic MSB claim loss Replacement Cost values presented to homeowner claimants = the appearance of premiums being actuarially \”high\” / incorrect, and create profits genuinely excessive?
Is there a much larger issue of how their claim loss data, audited, tells whether they have actually paid their clients claims settlement values commensurate to premium calculation replacement cost values their clients were charged for?
Math, the universal constant, can remain silent, until spoken to…
Standard lines companies are standing in line to write business in TX. Hurricanes,
softball sized hail, Lightning, Mold, Drought and a unfavorable legal and regulatory enviroment.
Sure… now they will make up premium from lost account packages (auto & home) with overpriced monoline auto? Forgive me I\’m just a dumb old country boy, but I missed the logic. Can someone explain this to me?
ABOUT A YEAR AGO…ALLSTATE STOCK REACHED @ $65++ A SHARE. CAME ALL THE WAY DOWN TO THE $40\’S DURING THE YEAR. THEIR AUTO COMMERCIAL RE: DWINDLING DEDUCTIBLES, NOW MAKING THEIR AUTO SALES…CERTAINLY NOT PRICE. ALLSTATE DOES NOT SELL ON PRICE…THEY CLAIM IT\’S QUALTIY, VALUE, CLAIMS SERVICE. NONE OF WHICH ARE TRUE. THE COMPETITION SUCH AS AIG, PROGRESSIVE AND TRINITY ARE MUCH BETTER, PERIOD. WHERE WAS ALLSTATE WITH ITS COMMENTS WHEN THEIR STOCK TOOK A NOSEDIVE WITHIN THE LAST 12 MONTHS? THEY\’D PROBABLY SAY, \”OH, WE KNEW IT WAS OVERVALUED\”. YEAH, RIGHT!!! ALLSTATE NEEDS TO COME ACROSS WITH \”CLEAN HANDS\”.
Roger, no one \”declared\” their rates too high. The judges made a \”recommendation\” that their rates were too high IN 2004. In fact, the ruling stated that their recommended rate was NOT SIGNIFICANTLY DIFFERENT FROM TODAY\’S RATES!
You\’re just seeing what you want to see. Call and get a quote from Allstate, I bet it\’s very competitive compared to other companies. And you claim mumbo jumbo makes little sense, have you even ever worked in insurance?
uhm, or it could have been Katrina and the other hurricanes. If you knew how investments work, the price always goes down with news of possible losses. It doesn\’t have anything to do with auto policy sales. Don\’t post something when you\’re not fully trained on stock price and how they work. Duh.
None of those companies you mentioned sells Your Choice Auto, or any of its features. Get a clue.
Mark, isn\’t insurance what the company sells? What\’s the P/E ratio if they\’re trying to cover up losses from one line with profits from another?
I guess I really am a dumb old country boy, especially when it comes to all this razzle dazzle about how well an insurance company can perform when it\’s reducing its writings and going after a market that remains soft and saturated with competition. Please educate me or at least tell me how you stock broker boys use them crystal balls to predict future earnings from these companies. Also, I think we may have met…did you ever approach me about buying Enron?
Didn\’t I read an article in the Journal about a month ago where they cut the CEO\’s salary to $11MILLION?? Maybe that helped to bolster their stock price!
MARK. GET A LIFE, BUD! MAYBE YOU SHOULD PREDICT THE FUTURE. KATRINA, SABRINA, BATRINA…WHAT HAS ALLSTATE PAID? IT DENIED ITS CLAIMS WITH ITS \”WHAT CAME FIRST, THE CHICKEN OR THE EGG?\” AS ITS JUSTIFICATIONS FOR NOT PAYING ITS POLICYHOLDERS. lET\’S SEE…BEFORE THIS HORRENDOUS HURRICANE FORCE WINDS…YOUR HOUSE WAS FLOODED AND THEREFORE IT WAS ALREADY DAMAGED BEFORE THE COVERED EVENT, I.E., WINDSTROM!! PLUS, NO ALE FOR YOU, EITHER. MARK, WHETHER ITS LICENSE 6 OR 63 AS REQ\’D BY THE SEC … THE CARDINAL RULE IS: DON\’T TELL THE PUBLIC THAT PAST STOCK SUCCESS IS AN INDICATOR OF FUTURE SUCCESS. FROM ME TO YOU: DON\’T RIDE A HORSE BEFORE YOU PUT A SADDLE ON IT; OTHERWISE, YOU MAY WIND UP LIKE HUMPTY-DUMPTY…YOU DODO BIRD!!
4-21-2006
Could Allstate\’s rates be actuarially correct, but their claim settlement practices distort their premium-to-loss-to-profit-to-new fiscal year premium ratio calculations…?
Now, if forced to lower their \”high\” rates, based on crossed referenced [synthetically low] claim settlement loss values, how will they actually make the books work out to reflect actual replacement cost data they need to collect premiums for?
Does actual MSB Replacement Cost Data, used to help establish rational [homeowner] structural coverage premium, minus synthetic MSB claim loss Replacement Cost values presented to homeowner claimants = the appearance of premiums being actuarially \”high\” / incorrect, and create profits genuinely excessive?
Is there a much larger issue of how their claim loss data, audited, tells whether they have actually paid their clients claims settlement values commensurate to premium calculation replacement cost values their clients were charged for?
Math, the universal constant, can remain silent, until spoken to…
rogerpoegc@yahoo.com
Standard lines companies are standing in line to write business in TX. Hurricanes,
softball sized hail, Lightning, Mold, Drought and a unfavorable legal and regulatory enviroment.
Sure… now they will make up premium from lost account packages (auto & home) with overpriced monoline auto? Forgive me I\’m just a dumb old country boy, but I missed the logic. Can someone explain this to me?
ABOUT A YEAR AGO…ALLSTATE STOCK REACHED @ $65++ A SHARE. CAME ALL THE WAY DOWN TO THE $40\’S DURING THE YEAR. THEIR AUTO COMMERCIAL RE: DWINDLING DEDUCTIBLES, NOW MAKING THEIR AUTO SALES…CERTAINLY NOT PRICE. ALLSTATE DOES NOT SELL ON PRICE…THEY CLAIM IT\’S QUALTIY, VALUE, CLAIMS SERVICE. NONE OF WHICH ARE TRUE. THE COMPETITION SUCH AS AIG, PROGRESSIVE AND TRINITY ARE MUCH BETTER, PERIOD. WHERE WAS ALLSTATE WITH ITS COMMENTS WHEN THEIR STOCK TOOK A NOSEDIVE WITHIN THE LAST 12 MONTHS? THEY\’D PROBABLY SAY, \”OH, WE KNEW IT WAS OVERVALUED\”. YEAH, RIGHT!!! ALLSTATE NEEDS TO COME ACROSS WITH \”CLEAN HANDS\”.
Roger, no one \”declared\” their rates too high. The judges made a \”recommendation\” that their rates were too high IN 2004. In fact, the ruling stated that their recommended rate was NOT SIGNIFICANTLY DIFFERENT FROM TODAY\’S RATES!
You\’re just seeing what you want to see. Call and get a quote from Allstate, I bet it\’s very competitive compared to other companies. And you claim mumbo jumbo makes little sense, have you even ever worked in insurance?
uhm, or it could have been Katrina and the other hurricanes. If you knew how investments work, the price always goes down with news of possible losses. It doesn\’t have anything to do with auto policy sales. Don\’t post something when you\’re not fully trained on stock price and how they work. Duh.
None of those companies you mentioned sells Your Choice Auto, or any of its features. Get a clue.
he\’s a carpetbagger from Florida.
Florida is a model on how to run and insurance system.
Mark, isn\’t insurance what the company sells? What\’s the P/E ratio if they\’re trying to cover up losses from one line with profits from another?
I guess I really am a dumb old country boy, especially when it comes to all this razzle dazzle about how well an insurance company can perform when it\’s reducing its writings and going after a market that remains soft and saturated with competition. Please educate me or at least tell me how you stock broker boys use them crystal balls to predict future earnings from these companies. Also, I think we may have met…did you ever approach me about buying Enron?
Didn\’t I read an article in the Journal about a month ago where they cut the CEO\’s salary to $11MILLION?? Maybe that helped to bolster their stock price!