I think back to a reader’s comments that the stock would be $17 a share….the company is profitable and I think the stock will be $25 or over. I guess they are covering their short positions right now.
With all the criticism of the company, why do competitors make run on the company’s employees? It seems the company turns out a pretty good product.
commercial insurance: combined increased 5.9% to 99.8%, premium written down 18.2%, key employee departures(not talking about Liddy), dropping rate to compete with flight to quality.
Insurance premium down as it does not make sense to write busiess that is underpriced. Other companies-Liberty, Zurich,CNA,Scottsdale, etc will take this and get burned when the losses start piling up.
As far as key departures, the point was proven. The training provided to its employees can’t be matched, and competitors know this. It speaks well that other carriers (ACE, Liberty, Arch, etc.) make raids on the company’s personnel. Furthermore, with key departures, competent personnel were brought in quickly to replace them with little or no drop in level of productivity or quality.
I think back to a reader’s comments that the stock would be $17 a share….the company is profitable and I think the stock will be $25 or over. I guess they are covering their short positions right now.
With all the criticism of the company, why do competitors make run on the company’s employees? It seems the company turns out a pretty good product.
That was I who called $17 and hey …I was wrong. Your comment about “the company being profitable” isn’t as simple as you make it sound.
Just read the headline of this article. AIG wouldn’t be reporting earnings at all if they hadn’t been bailed out 3 times.
Interesting that the insurance units were weak. No shocker there.
commercial insurance: combined increased 5.9% to 99.8%, premium written down 18.2%, key employee departures(not talking about Liddy), dropping rate to compete with flight to quality.
sounds like trouble
Insurance premium down as it does not make sense to write busiess that is underpriced. Other companies-Liberty, Zurich,CNA,Scottsdale, etc will take this and get burned when the losses start piling up.
As far as key departures, the point was proven. The training provided to its employees can’t be matched, and competitors know this. It speaks well that other carriers (ACE, Liberty, Arch, etc.) make raids on the company’s personnel. Furthermore, with key departures, competent personnel were brought in quickly to replace them with little or no drop in level of productivity or quality.
…sounds like a disgruntled Lexington employee.