Title fees are down and now 1300 people lose their job. Stock is down. Time to revisit First American homeowners insurance product and become more aggressive in order to offset the other shortcomings. This would be the expected time for First American to file for a rate decrease in their personal lines products and aggressively appoint more agents to write more business. The Hartford did it, Safeco did it, Nationwide did it and guess whose turn it is. If they don’t do it, I would call into question the product manager’s abilities to remain viable in this market. We shall see.
Glad to see “some executive perks” will be cut also. Can guess they will amount to about .00001% of the total & the employees will balance it out, as usual. Since management got them into the mess, why not get rid of them, instead? Oh yeah, too easy & too much sense!
Title fees are down and now 1300 people lose their job. Stock is down. Time to revisit First American homeowners insurance product and become more aggressive in order to offset the other shortcomings. This would be the expected time for First American to file for a rate decrease in their personal lines products and aggressively appoint more agents to write more business. The Hartford did it, Safeco did it, Nationwide did it and guess whose turn it is. If they don’t do it, I would call into question the product manager’s abilities to remain viable in this market. We shall see.
If the only tool you have is a hammer, every problem looks like a nail.
Glad to see “some executive perks” will be cut also. Can guess they will amount to about .00001% of the total & the employees will balance it out, as usual. Since management got them into the mess, why not get rid of them, instead? Oh yeah, too easy & too much sense!