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Has anyone heard of Steadily Landlord insurance?
Its just inflation on claims and realized losses from market downturn. CEO changing has absolutely no impact on this.
Chubb had some tough results as well
Why would the CEO retiring cause that?
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…
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.