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Class Accuses Allstate CEO of Insider Trading – Courthouse News Service
Let me know what you think.....
Let me know what you think.....
Allstate- Interesting Read
- Thread starter shawnmwalker
- Start date
- 783
As for spurred growth leading to higher loss ratio: Allstate was not alone that year. Here's an article looking at 11 carriers that had quite high growth, with higher than normal loss ratios for 2015.
Auto Insurer 2015 Underwriting Performance Loses Traction
Average combined ratio's for all carriers increased that year by 1.4 pnts, but for these high growth companies, "Underwriting performance deteriorated despite over 5 percent annual growth in segment written premiums for the group, as well as a modest decline in the expense ratio and reduced natural catastrophe related losses compared with the previous year".
Then there are the companies that experienced similar or even higher growth and ended with a lower combined. Companies like Acuity and Secura. Another advantage of doing business with smaller regional companies. National carriers face totally different growth dynamics.
As for the CEO, what convenient timing. He's toast, or should be. That stock price was close to all time high, and with their inside knowledge of the claim indicators. Really?: "It also monitors on a daily or even hourly basis the frequency of auto claims. Never knew that, but why not?
Dave
Auto Insurer 2015 Underwriting Performance Loses Traction
Average combined ratio's for all carriers increased that year by 1.4 pnts, but for these high growth companies, "Underwriting performance deteriorated despite over 5 percent annual growth in segment written premiums for the group, as well as a modest decline in the expense ratio and reduced natural catastrophe related losses compared with the previous year".
Then there are the companies that experienced similar or even higher growth and ended with a lower combined. Companies like Acuity and Secura. Another advantage of doing business with smaller regional companies. National carriers face totally different growth dynamics.
As for the CEO, what convenient timing. He's toast, or should be. That stock price was close to all time high, and with their inside knowledge of the claim indicators. Really?: "It also monitors on a daily or even hourly basis the frequency of auto claims. Never knew that, but why not?
Dave
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LOCK HIM UP! LOCK HIM UP!!
I wonder if these are a dime a dozen .... but this looks pretty bad for him .
I wonder if these are a dime a dozen .... but this looks pretty bad for him .
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Allstate Announces October Catastrophe Loss Estimate
^ When it rains, it pours. Things aren't looking good for Allstate.
^ When it rains, it pours. Things aren't looking good for Allstate.
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Thanks for the news post...
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