No, as a 20 year employee of PHLY there is no change. You have no clue what you are talking about – our 10 year combined ratio has averaged in the 80’s. Are you thinking about AIG/Chartis?
The worth and value of Philadelphia lies not in financial ratings, loss ratios, or its rates. The company’s true worth remains its people. Over the years the people have remained good friends and good partners. We have had the pleasure of representing the company for many years and in times both good and bad.
Sorry Phly Employee but when you write long tail business at cheap prices it will come back to bite you. And that is what this company is doing. I see it everyday day in day out. About 30% less than the other markets.
yes, i am a competitor that regularly loses business to Phly. frankly, I am over it. The interesting thing is that EVERY executive that I speak to at at least a dozen other markets feels the same way about Phly, that they are irresponsibly underpricing business in every instance and they are nothing but a great marketing machine. It is said the the regional marketing reps have more clout than the underwriters.
No, as a 20 year employee of PHLY there is no change. You have no clue what you are talking about – our 10 year combined ratio has averaged in the 80’s. Are you thinking about AIG/Chartis?
Do you think this change their cash-flow underwriting and underpricing each and every risk.
The worth and value of Philadelphia lies not in financial ratings, loss ratios, or its rates. The company’s true worth remains its people. Over the years the people have remained good friends and good partners. We have had the pleasure of representing the company for many years and in times both good and bad.
Jim,
Thank you for Wheelways–that started my insurance career
Sorry Phly Employee but when you write long tail business at cheap prices it will come back to bite you. And that is what this company is doing. I see it everyday day in day out. About 30% less than the other markets.
sounds like gary is losing some business to PHLY…get over it.
yes, i am a competitor that regularly loses business to Phly. frankly, I am over it. The interesting thing is that EVERY executive that I speak to at at least a dozen other markets feels the same way about Phly, that they are irresponsibly underpricing business in every instance and they are nothing but a great marketing machine. It is said the the regional marketing reps have more clout than the underwriters.