Thursday, November 20, 2008

Insurance – Last Man Standing

During a unit meeting, the state of our industry (insurance) came up. Listening to how all the carriers (including ours) are being punished by the stock market for bad investments, I got to thinking about who would win the battle for Last Man Standing.

Frankly, it is frustrating and I am angry. Insurance carriers have people who are paid to take risk and charge an appropriate premium for it. Although not perfect, carriers are experiencing underwriting results are well within acceptable ranges. Nevertheless, all of us are getting hammered because the investment geeks, who are paid to keep premium receipts safe, didn't do their jobs.

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