Several Insurers Could See Big Fannie, Freddie Losses

By | August 25, 2008

  • August 25, 2008 at 1:40 am
    haa! says:
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    Wow, no comments on “See Big Fannie”.

  • August 25, 2008 at 1:57 am
    EGoyle says:
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    Allstate never seems to get it right as it is foolish to have a huge chunk of their investments in one basket. As long as the current management is in place and they breed new management with their outdated philosophy, they are doomed to continue their same path.

  • August 25, 2008 at 3:45 am
    Joe Mama says:
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    that was unfortunately the first thing that came to my mind as well, haa! Great post! this is one of the reasons that lately i’ve been reading the IJ for the comments and barely skimming the articles.

  • August 25, 2008 at 4:17 am
    Good Hands says:
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    I don’t get it EGoyle. The Hartford, a much smaller company, owns 4 times as much bad paper yet you pour your venom out on Allstate? Where does this come from? It looks to me like The Hartford is the bigger turkey here. And I generally like The Hartford.

  • August 26, 2008 at 2:24 am
    Ratemaker says:
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    For a company the size of AllState, $128 Million dollars of poor investments is bad news, but it’s a fairly insignificant piece of their overall investment portfolio.

  • August 29, 2008 at 3:55 am
    watcher says:
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    Cincinnati and Hanover go bye-bye. SOLD! (watch, by end of 2009 1st quarter, analyst prediction)

  • August 29, 2008 at 5:13 am
    Peter says:
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    From Forbes > MUMBAI (Thomson Financial) – Standard & Poor’s Ratings Services it has lowered its outlook on Selective Insurance Group Inc. and its subsidiaries to negative from stable, citing concerns that recent profitability has not been as strong as the ratings agency expected at the current rating level, as well as the decline in capital adequacy since the end of 2006 and relative to peers.



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