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Re: Alex, the bottom line. (505 Views)
Posted by: (IP Logged)
Date: June 16, 2005 10:35AM
Mall,
"Many left after suffering huge losses, but the competition for capital has played an important role. Thus, when the last major Am carrier, Chubb, announced it was withdrawing from the market last yr, it acknowledged that the business was profitable, but left to deploy its capital in lines which were more profitable."
By the way, being profitable is not the standard by which an insurance operation should be measured. An insurance operation can be profitable while still being a terrible business. It must earn a high enough return on invested capital to justify its existence. All of this screams that the insurance prices were inadequate to cover the values of the horses and the risks associated with the coverage. So if prices are soaring now, it is probably warranted to a large degree.
Alex, the bottom line. (1089 Views)
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Mall |
06/14/2005 09:30AM |
Re: Alex, the bottom line. (691 Views)
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HP |
06/14/2005 10:21AM |
Re: Alex, the bottom line. (651 Views)
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Silver Charm |
06/14/2005 11:59AM |
Re: Alex, the bottom line. (4205 Views)
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06/14/2005 03:09PM |
Re: Alex, the bottom line. (565 Views)
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HP |
06/14/2005 04:53PM |
Re: Alex, the bottom line. (495 Views)
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06/15/2005 05:41PM |
Re: Alex, the bottom line. (596 Views)
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Mall |
06/14/2005 05:46PM |
Re: Alex, the bottom line. (495 Views)
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06/15/2005 05:54PM |
Re: Alex, the bottom line. (492 Views)
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magicnight |
06/15/2005 06:46PM |
Re: Alex, the bottom line. (516 Views)
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06/15/2005 07:23PM |
Re: Alex, the bottom line. (454 Views)
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bdhsheets |
06/16/2005 01:09AM |
Re: Alex, the bottom line. (446 Views)
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06/16/2005 08:33AM |
Re: Alex, the bottom line. (548 Views)
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Mall |
06/15/2005 08:29PM |
Re: Alex, the bottom line. (505 Views)
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SoCalMan2 |
06/16/2005 03:02AM |
Re: Alex, the bottom line. (503 Views)
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06/16/2005 08:29AM |
Re: Alex, the bottom line. (488 Views)
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Chuckles_the_Clown2 |
06/16/2005 10:36AM |
Re: Alex, the bottom line. (478 Views)
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richiebee |
06/16/2005 11:28AM |
Re: Alex, the bottom line. (478 Views)
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Chuckles_the_Clown2 |
06/16/2005 12:09PM |
Re: Alex, the bottom line. (464 Views)
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richiebee |
06/16/2005 12:38PM |
Re: Alex, the bottom line. (541 Views)
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06/16/2005 01:40PM |
Re: Alex, the bottom line. (505 Views) |
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06/16/2005 10:35AM |
Re: Alex, the bottom line. (465 Views)
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HP |
06/16/2005 10:45AM |
Re: Alex, the bottom line. (535 Views)
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06/16/2005 11:04AM |
Re: Alex, the bottom line. (482 Views)
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JimP |
06/16/2005 11:59AM |
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