Rate increases is one of a number of questions that personal lines companies, like Allstate, will face.
More Quotes from Paul Newsome:
It does look like it's a pretty orderly transition. I don't expect there to be too many changes. Given that the company has done quite well of late, the best hope is that the good news continues.Paul Newsome
Comments about pricing on conference calls will be very important for the insurance stocks.
Paul Newsome
I think you have to question the consistency of these one-time items.
Paul Newsome
It's been a long time since they've had a year without something exceptional.
Paul Newsome
They still haven't developed their skills to the extent that they are substantially more profitable than their competitors, ... If they develop the skills and manage their claims better, they can go to the big insurers and demonstrate that they (Midland) should write the business, not them.
Paul Newsome
Premium revenues were up a lot in the quarter, so that would suggest that they're lowering prices to gain more customers. But medical cost inflation could have accelerated too -- it's not clear which one it is, but both issues would affect the entire industry.
Paul Newsome
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