Friday, November 16, 2007

Allstate vs the State of Florida

This is a fascinating exchange between Deputy Insurance Commissioner Belinda Miller and Allstate Floridian Vice-President Bonnie Gill. The dialogue is about how ALLstate sets it's rates.

Miller: "You have to insure to two Hurricane Andrews in one year? Why to that level?"

Gill: "We have a very fragile surplus position."

Miller: "Was your decision driven by rating agency A.M. Best?"

Gill: "We are protecting our surplus."

Miller: "Was that decision driven by A.M. Best?"

"Gill: "In part, yes."

Gill can actually say "very fragile surplus" with a straight face. Well done!

A.M. Best rates Allstate's financial books for stockholders. Allstate used a A.M. Best's hurricane catastrophe model without the state of Florida's approval.

This is getting interesting. I hope Charlie Crist keeps digging into the working of the insurance agency.

Labels: , ,

1 Comments:

At June 24, 2020 6:22 AM , Blogger Seotop1 said...

Dịch vụ in kỷ yếu chuyên nghiệp tại In Nguyễn Gia với đa dạng các mẫu kỷ yếu đẹp về lớp và các đơn vị doanh nghiệp. Xem chi tiết tại :
kỷ yếu lớp 5
kỷ yếu lớp 9
kỷ yếu lớp 12
kỷ yếu công ty
ky yeu lop 5
kỷ yếu hội thảo
kỷ yếu lớp 5
Ngoài ra chúng tôi còn nhận in sổ da ghi chép & làm quà tặng.
in sổ da

 

Post a Comment

Subscribe to Post Comments [Atom]

<< Home