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Saturday, February 28, 2009
Friday, February 27, 2009
Forbes.com: State Farm's net worth drops by $10.4 billion
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State Farm's net worth drops by $10.4 billion - Forbes.com.pdf (388 KB)
State Farm's net worth drops by $10.4 billion
Associated Press
http://www.forbes.com/feeds/ap/2009/02/27/ap6107530.html?partner=email
Wednesday, February 25, 2009
Clear Referral Email w/code
| Dear New Customer, |
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Tuesday, February 24, 2009
Monday, February 23, 2009
Sunday, February 22, 2009
Saturday, February 21, 2009
success story - client hit while parked, woman said she would cover damage, changed her story later... we tracked her down. :-)
We were able to, with the assistance of our claim department, track her down. We filed a claim with her insurance and are letting them handle it. You can run but you can’t hide J
Friday, February 20, 2009
Thursday, February 19, 2009
Wednesday, February 18, 2009
Another example of Nordstrom cust. svc...
I asked about some samples of cologne I bought for backpack, travel, etc. and she (Kim) said she would do one better - Filled up two little bottles for me. :-) I LOVE good customer service!
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Tuesday, February 17, 2009
Monday, February 16, 2009
Sunday, February 15, 2009
Saturday, February 14, 2009
Friday, February 13, 2009
Thursday, February 12, 2009
Wednesday, February 11, 2009
Tuesday, February 10, 2009
The Hartford Posts $806 Million 4Q Loss, Cuts Dividend. Farmers is fastest growing multi-line insurance company in the country.
The Hartford Posts $806 Million 4Q Loss, Cuts Dividend
As Q4 earnings continued to be announced last week, Hartford joins a
growing number of carriers dealing with decreased revenue and net
losses. These stories highlight Zurich's notably stronger Q4 performance
announced on Friday of $3B net income on a 4% increase in gross written
premium.
This then becomes the 24th straight quarter of profitably, led by Farmers,
who remains the fastest growing multi-line insurance company in the country.
Breaking News
The Hartford Posts $806 Million 4Q Loss, Cuts Dividend
BY PHIL GUSMAN
NU Online News Service, Feb. 6, 2:45 p.m. EST
The Hartford Financial Service Group Inc. reported for 2008 it had
losses of $2.7 billion for the year and an $806 million net loss for the
fourth quarter. On a per share basis the loss amounted to $2.71 per diluted
share for the quarter and $8.99 per diluted share for the year.
The Hartford also announced it intends to reduce its quarterly dividend to
5 cents per share, which the company estimates would save about $350 million
annually.
Ramani Ayer, The Hartford's chairman and chief executive officer, called
2008 one of the toughest years in The Hartford's history.
For this year the company's outlook does not appear optimistic in the view
of a rating service. Following the company's announcement, Moody's Investors
Service downgraded The Hartford's long-term senior debt rating to "Baa1"
from "A3" and the insurance financial strength ratings of The Hartford's
lead p-c and life insurance operating subsidiaries to "A1" from "Aa3" and
placed a negative outlook on the ratings.
The quarterly loss compares to 2007 fourth-quarter net income of $595
million, or $1.88 per diluted share. The loss was attributed in part to an
after-tax, net realized capital loss of $610 million, due mostly to losses
from the company's variable annuity Guaranteed Minimum Withdrawal Benefit
(GMWB) hedging program and other-than-temporary impairments.
"A vast majority of the impairments in the fourth quarter of 2008 Related
to further price declines on previously impaired commercial mortgage-backed
securities and financial securities, as well as impairments on securities
for which the company seeks to maintain
trading flexibility," the company explained.
For its property-casualty operations, The Hartford said written premiums
were $2.5 billion for the quarter, down 2 percent from the fourth quarter of
2007. For the year, written premiums were $10.2 billion, down from $10.4
billion in 2007.
Net income from ongoing operations in the 2008 fourth quarter was $297
million, including a $138 million net realized capital loss. The 2007 fourth
quarter net income from ongoing operations was $323 million.
For the year, net income from ongoing operations fell to $189 million
from $1.5 billion in 2007.
The 2008 fourth-quarter combined ratio, excluding catastrophes, was 78,
compared to 88.4 in the fourth quarter of 2007. For the year, the combined
ratio, including catastrophes, was 90.7, which The Hartford said was in line
with 2007 results.
Mr. Ayer said, "From an operational perspective, our core
insurance-based businesses had a strong 2008. We had outstanding
underwriting results in property and casualty, and loss estimates for the
current and prior accident years developed better than expected."
For the life insurance subsidiaries, Moody's said the downgrade and
negative outlook "reflect the entities' diminished stand-alone credit
profile due to the potential for further losses from the investment
portfolio and the variable annuity business.
For the p-c subsidiaries, Moody's said although core underwriting
profitability remains "very good," the downgrade and negative outlook
reflect "the actual and potential capital strain associated with the support
of the life insurance operations, and recent investment losses which
contributed to the material reduction in statutory capital and the risk of
further significant losses from investment exposures."
In a conference call, Mr. Ayer said he was disappointed in Moody's
decision, and stated that the company is still well capitalized.
For 2009, Mr. Ayer said in a statement, "we are optimistic about the
resolve shown by the federal government in its efforts to stimulate the
economy, but the risks still appear severe."
"As a result, it is prudent for us to put capital preservation and risk
mitigation at the forefront of our priorities in 2009. We intend to take
actions on a number of fronts. The effort to de-risk our variable
Annuity product portfolio is ongoing, and we will look across the enterprise
For additional opportunities to reduce risk."
www.coreykaster.com
Monday, February 09, 2009
Sunday, February 08, 2009
Saturday, February 07, 2009
Friday, February 06, 2009
Thursday, February 05, 2009
Wednesday, February 04, 2009
Was accosted by Children's Int'l ppl dt. Finally just walked away. Story included
Those people are ridiculous! I made the mistake of taking out an earbud, saw the binder, and it was too late. I was doomed! I tried to say I already sponser one and he asked what country? I confessed I lied, then he had me. I said I have to go, he said ok, he would walk with me. I said NO! And walked away.
It is stupid that I feel guilty. I was minding my own business and he was trying to con me into this. He said a person will eat tonight if I spend 60 seconds and I don't have to donate any money(today). Then out came the signup sheet. aaaahhhhh!
They create a bad reputation for themselves.
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Tuesday, February 03, 2009
Are water-soluble packing peanuts really environmentall friendly if you have to run water for 20 mins to dissolve them?
DocumentEmail false false false MicrosoftInternetExplorer4
Monday, February 02, 2009
Office just lost power. Thank you Clear wireless for saving me :-)
Clean DocumentEmail false false false MicrosoftInternetExplorer4
Sunday, February 01, 2009
Found out my Aunt somehow discovered I posted the comment about the christmas card she sent. Busted.
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Made $25.60 in 15 mins by calling Citi. They jacked rate from 3.99->14.99. Got it to 5.99 & credited $25.60 of finance charge. :-)
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