The CEO of Liberty stands in front of the world and denounce the soft market, and praises his underwriters for adhering to strict underwriting principals. HA, ha, ha, ha, ha, ha, ha, ha!!
It is Lib Mutual and their Regional Agency Markets that are driving this stinking soft market. We hear it from coast-to-coast, Peerless, Inidana, you name it. Lib Mutual regionals are cheap, and they’re buying the business.
Sooooooo AM Best could stop asking the question – and could start invoking their authority over Liberty Mutual’s horrendous financial status. Much like Standard & Poor’s did.
Josef, I am a agency markets u/w and very rarely am I the cheapest on a piece of business. It is my opinion that agents should sell more than price and quit marketing their renewals every single year. That’s driving the soft market more than LM or AMs efforts.
Unemployment, weakening wage and salary growth is reflected in decrease in NWP of workers compensation (Top line). What about bottom line? What about Legal and medical cost inflation? That is going to hit bottom-line very badly.
The CEO of Liberty stands in front of the world and denounce the soft market, and praises his underwriters for adhering to strict underwriting principals. HA, ha, ha, ha, ha, ha, ha, ha!!
It is Lib Mutual and their Regional Agency Markets that are driving this stinking soft market. We hear it from coast-to-coast, Peerless, Inidana, you name it. Lib Mutual regionals are cheap, and they’re buying the business.
Sooooooo AM Best could stop asking the question – and could start invoking their authority over Liberty Mutual’s horrendous financial status. Much like Standard & Poor’s did.
Oh, but that might be too much to ask of AM Best.
Josef, I am a agency markets u/w and very rarely am I the cheapest on a piece of business. It is my opinion that agents should sell more than price and quit marketing their renewals every single year. That’s driving the soft market more than LM or AMs efforts.
Unemployment, weakening wage and salary growth is reflected in decrease in NWP of workers compensation (Top line). What about bottom line? What about Legal and medical cost inflation? That is going to hit bottom-line very badly.
http://www.LowRateWorkComp.com