More mayhem? This is the 3rd billion dollar headline involving Allstate in a short period time. E.surance purchase and recent cat losses hurting thrid quarter result, being the last two that I recall.
Why would they want the stock? Their own agents now have a union. They bought a cartoon insurance company and they are bleeding money. I think they would be better off buying Italian bonds at 7%.
More mayhem? This is the 3rd billion dollar headline involving Allstate in a short period time. E.surance purchase and recent cat losses hurting thrid quarter result, being the last two that I recall.
Why would they want the stock? Their own agents now have a union. They bought a cartoon insurance company and they are bleeding money. I think they would be better off buying Italian bonds at 7%.
maybe they can spend some of that loot to buy mr excitement a tin parachute before his exit interview