Peter Streit
Peter Streit
biggest consistent data dollars earning factor fairly good insurance interest investment outside quarter swing
It's good to have this data because most insurance companies' investment dollars come from interest and dividends, which are usually fairly consistent quarter to quarter. Outside of that, we like to know what else they're earning on their investments and the biggest swing factor is usually partnership income.
estimates loss point vary
At this point insured loss estimates vary widely,
although break companies hopefully information provide
For AIG to break this out is nice. Although AIG isn't the first, hopefully more companies will provide this information in future.
although break companies hopefully information provide
For AIG to break this out is nice, ... Although AIG isn't the first, hopefully more companies will provide this information in future.
accounting earnings future happy level likely prospect third underlying
Overall, we're happy with the level of underlying earnings in the third quarter. The prospect of future accounting restatements disappoints us, but it's likely most of them are out of the way.
commercial energy industry insurance involved lines london personal sell
They're in commercial and personal lines insurance in the U.S. and also sell insurance to the energy industry through Lloyd's of London businesses, so they're heavily involved in this.
again center coast companies coverage hit hurricane insurance morning national rita saturday texas trigger
The National Hurricane Center is projecting Hurricane Rita to hit the Texas coast Saturday morning with 145 mile-per-hour winds. That would hit the insurance companies again and trigger reinsurance coverage too,
expected great lack losses
Chubb did much better than expected because of their great underwriting. They also benefited from a lack of catastrophic losses in the first quarter.
case create gets
If each case gets its own limit, that could create more exposure.
business close company conflict contingent hints level profits recovery remains remove road seen
The company is on the road to recovery and they've done a lot to try to remove any hints of conflict of interest. But now that they've done away with contingent commissions, it remains to be seen if they will able to make close to the same level of profits under the new business model.
bid business competition
The competition out there is pretty intense. There is a lot of business that is being bid on, and it's being bid on aggressively.
across base business capital company hurricane lines losses sustain
The hurricane losses have highlighted the need to be a large, well-diversified company across many lines of business and across many territories with a capital base that is big enough to sustain losses.