Best Affirms Fireman’s Fund ‘A’ Ratings

January 12, 2010

  • January 12, 2010 at 8:30 am
    When ? When ? says:
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    When is BEST going to take action on all of those REGIONAL carriers that they’ve put on negative watch? The big one in Wisconsin is going to deliver another 105+ combined ratio for the 3rd or 4th year, and BEST keeps dragging their feet? Why the stall? Where is the credibility?

  • January 13, 2010 at 7:36 am
    Not Tony says:
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    West Bend is a mutual, and can survive just fine at 105 to 110 for a couple of more years. (I think)

    But is this any surprise? Didn’t Warren (Tony) run Illinois National into the ground back in the 80’s or 90’s too? Did WB expect anything different as he exited?

  • January 13, 2010 at 6:46 am
    heard says:
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    You must be talking about West Bend. I’ve heard that they will post a 106 or 107 this year, and I think it is their 3rd or 4th year over 100. But the future doesn’t look good, because they still have not taken all of their reserve hits. MORE TO COME! (I’ve heard)

    I also heard that they have been raiding competitors for corporate staff, to figure out a way to fix the problem. Hiring consultants and bringing in new blood with ideas on how to fix all of their problems. But I’ve seen some of those that they’ve brought in, or are planning to, and I’m not sure they’ve tabbed the right talen.

    It’s grim. You would think that AM Best would know the numbers, and that is why they were placed into NEGATIVE.

  • January 13, 2010 at 6:48 am
    Ohio Bill says:
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    wasn’t Cincy given negative implications too? their stock is coming back strong, so what gives? Are they NEGATIVE and hurting, or bouncing back strong?



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