Has anyone seen Liberty Mutual’s Q2 Net Loss of $343 Million? Do you think it’s related to their CEO retiring this year? Thoughts?? Just curious to hear what’s your take on this.

Posting as :
works at
You are currently posting as works at

Its just inflation on claims and realized losses from market downturn. CEO changing has absolutely no impact on this.

like

Chubb had some tough results as well

like

Why would the CEO retiring cause that?

helpful

I’m not saying it’s solely caused by the CEO retiring. However, the company is going through a major transition, there will be some changes and growing pains. It could be caused by other variables too. It just so happened that the company was profitable last year and few months after the CEOs retirement announcement, it lost millions. Could be related, maybe not…

like

Pretty sure it’s been bad losses and bad investing. Liberty actually wrote a lot of business. It’s been tough here for us.
-liberty agent.

Sounds like poor underwriting and rate inadequacy to me

I hadn't seen that but I looked it up after reading this. Very interesting. I suppose it could be related but I think its more than likely the state of the economy currently.

Related Posts

I’ve been listening to “millionaires unveiled” (highly recommend for FIRE content) and it seems like every other guest ends up doing real estate investing. If you do it, what books or online courses would you recommend to get started? If you have experience in real estate investing, would you ultimately recommend it?

like

If we did the after tax voluntary contribution (with the intention to roll it over to back door Roth) but don’t get it rolled over before the year ends, what happens? Can we do it after Jan 1? If not, is that now just a separate retirement account w our employer (did mine w McKinsey, after maxing out Roth $19500)

like

Hello, I’m looking for help filing my tax information for a new job. I’ve been in nyc for close to two decades, and am moving from the city for a new job. I’m wondering what to claim.

like

What do you do and how much you made in 2021?

like

Can someone provide some insights on how to become a financial advisor with MST and CPA background ? I realize my relatives are sitting on so much cash and they’re not even investing. I want to help.

like

If I make 80k a year in Chicago how much should I be spending on rent?

like

Hi All, I'm a complete newbie here on H1b.

Are we allowed to buy or trade stocks and crypto currency on h1b..?

like

My employer disqualifies high earners and offers them a NQSP instead. Therefore, as a high earner, I don’t qualify to contribute to 401k. Is it advisable to start contributing to NQSP? I am a bit skeptical since funds placed in this bucket is not guaranteed to be disbursed if the firm goes out of business or something happens to a point where it shut down.

likesmart

Anyone have experience or perspective on whether or not real estate investments are a good hedge vs inflation?

like

Have anyone negotiated their rates with wells? I wanted to use wells but another lender of giving me a better rate.

Thanks!

like

Reposting in case someone out there didn’t see my last one. Looking for a house swap in Manhattan/BK for ours here in Oakland. We have a big 4 bedroom Craftsman, yard, close to all the outdoorsy beaches, redwoods, hiking, Tahoe, Muir Woods etc stuff and SF. The air is finally clearing up. We need a 2 bedroom. Need to come back to NY and see my people. DM if interested.

like

Chase Reserve card still worth it without business travel?

like

What’s your age and asset allocation?

like

Anyone have any leads on openings in the Boston area. Just out of undergrad with a mechanical engineering degree and crushing student loans. From the area so greater Boston area works too.

What will be the take home for below?

Post Photo
like

How difficult to switch from growth investing to mid market buyout as a VP?

like

I am just curious as to what the difference is between the two. If you are managing a person/family etc money, are you not a wealth manager?

like

Anyone car shopping? Trying to unload Audi S3 lease in DC. Ridiculously cheap for what it is, $473/mo (Audi employee lease price, discount conveys) Situation changed and no longer fits our lifestyle.

More Posts

We're consultants right?

likefunny

Hello I am from Ghana and am looking for a work abroad a company that can support my visa or give me a visa Sponsorship or work permit invitation letter to apply for my visa any help please …

like

I exercised my right

Post Photo
likefunnyuplifting

What is band 7 (Analyst GBS) in BA Continuum India (Bank of America)? What is the hierarchy structure of band? How much time does it take to move from one band to another?

like

Looking for opportunities at Apple. Does anyone have any insight into how well they pay creative teams at Apple TV+? Looking at their Associate A/V Producer position.

like

I’m a certified pharmacy tech, 18 yrs experience, Iv certified, chemotherapy experience. Currently working for paragon healthcare- I make 23 dollars an hour. Am I being compensated fairly?

like

Any Idea about the Bonus or Appraisal announcements?

like

Can anyone tell me the in-hand salary after deductions? What's statutory bonus, RFB, OOO connectivity reimbursement and how is it paid? What is the salary range of SA2 for PWC AC Kolkata? PwC Pwc AC

Post Photo
like

Hi fishes,
Where can we see our revised compensation letter@pwc sdc pwc ac

like

Here is the cycle I’m in:
Staff asks for training. Training is provided. Staff doesn’t do what they were trained to do. It’s infuriating when this close to a deadline.

likefunny

I’m a third year analyst in PE in NY and really want to transition to tech, but am having a hard time even landing an interview. I’m getting interviews at financial firms. Any tips on how I should present myself for tech industry finance roles?

like

Normal to not hear from recruiter or hiring manager for weeks / month+ after conclusion on all interviews?

like

Hi Fishes,
I'm Sr. System Engineer and my current CTC with Accenture is 7.7 LPA and having 7 YOE. Can I negotiate CTC of 14 LPA with Mindtree? What is MT currently paying for it's employees with this kind of experience?

like

Any insight on working for Bloomberg?
Analyst positions?

like
like

Hi, anyone know of a good newborn photographer here in Austin?

like

I’m an aspiring court reporter. Kind of weird to ask here, I know, but is there any place I can go to link with other black reporters? I’ve tried looking on ig and fb but there’s nothing exclusive for people of color. I even created a bowl here and shnada so far. Also, is it common for you to use the same reporter for different jobs? I’m wondering if I could work freelance and maybe have contracts with a few solid attorneys. So many horror stories around Court Reporting firms. TIA for reading!

like

But does the president care? Of course not. He’s busy trying to undermine our democracy while more people continue to die from this vicious virus.

Post Photo
likehelpful

Hey all,

YOE - 6 Years
Tech - Frontend Developer (Angular)

I have offers from 2 companies, same pay and almost same benefits.

Software AG (GCS Department) - work will be on Agile Apps (No Code/Low code)

Larsen & Toubro Infotech - Work will be on a client (Schneider) project

Which one would be better?
Please help

like

Hi! I am currently exploring new job opportunities and have found interest in roles at two companies. I have reached out to several different folks, but have not heard back. If possible, can anyone provide a referral to American Express and NBCU? If there is anything else you need from me or have questions, let me know. Thanks so much in advance!

like

Additional Posts in Insurance

Currently an underwriter. Has anyone wanted to try something completely different in the industry or outside of, but have no clue where to begin or what your skill set can transfer too?

likesmart

Life insurance agents!! I’m in the process of getting licensed now, what are some tips you have for me just starting out ? How long did it take for you to start selling? I’ll be doing telesales only , let me know your way of selling and why it works best for you. Thank you !

like

I’m currently in Underwriting but I’m thinking of switching over to the corporate risk management side. Is this something I should do? Any advice would be welcome.

like

Chubb anybody at Chubb knows the range of salary? Being in grade 24 means what range?
Thanks in advance

like

Hello, any insights on claims director/ senior claims specialist pay range at the big companies? Chubb, Zurich etc

10 year experience here and looking assess where I would stand.

like

I currently work from home, but it’s not a permanent wfh position. I just had my second baby, my parents live in the guest house and they babysit the girls for me while I work. My salary covers all expenses and I am able to pay my parents 1500$/month to babysit daily.
Eventually I’ll be asked to go back into the office. The office is 7hours away from my home….. ARE THERE ANY INSURANCE CO. HIRING REMOTELY?

like

I’ve a job interview tomorrow for a Life insurance consultant position in London.
When asked about salary expectations, how much do you think I should say? I only have 7 months OE

like

What is the average salary for an account manager in employee benefits at brokers firm? And what about a senior account manager salary? I have 7 years of experience in the health insurance industry. I want to see if I’m on track or if it would be out of line to ask for a raise.

like

Has anyone worked for The Segal Group in their claims department? How is it and how is working at this company? Pros? Cons? Thank you.Segal

like

In my organization, most with my role are commission based. I make a set salary due to the firm I work for as an account manager/ coordinator for clients… I coordinate their enrollments, working with each groups HR department as to benefits and payroll purposes, and schedule our benefit counselors accordingly. I am finding that in most cases where I compare the voluntary benefits industry, I might be underpaid. What is an appropriate base salary for a position in which commission is replaced?

like

I’ve been working for a company for 25yrs, looking for advancement. I’m considered an SME, managing people, Vendors and working on large system conversions. Have provided long term goals. When requesting feedback I’m told I’m on the right path, no suggestions on what to improve. I asked about timelines for advancement and not being given anything concrete. Recently interviewed with another company as a Vendor Mgmt partner. Individual contributor, high visible position with potential. Thoughts?

like

To all underwriters can you advise YOE/salary/state and carrier or size of carrier ?

like

Just got my P n C license… what opportunities are out there what is the starting salary for someone like me?? Rather it be personal or commercial. I’m in NC

like

What’s the consensus on tattoos in the insurance workplace? I’m in leadership and considering exploring my options due to recent personnel changes. I work remote and have arm sleeves, and any time I would be in-person I’d of course wear a long sleeve shirt to be professional, but worry about a cuff rolling up and tattoos being somewhat visible. Nothing is offensive by any means.

like

I’m trying to gauge salary expectations as a workers comp supervisor/manager. I have 7 years experience, all in California workers comp, and the last 2 years have been as a supervisor/manager. I have 3 designations and experience with difficult, technical files.

What do you or your counterparts make in a similar role? What’s a ballpark I should expect to be in?

like

Would anyone be willing to provide a referral link for Optum? I am open to discussing the role I would like to apply for and my background. I know it’s difficult to maneuver into companies this large without a referral. Many thanks in advance!

like

Has anyone heard of Steadily Landlord insurance?

like