Please , just better manage what we have. Excess and Surplus really has a bad connotation to employees and to those outside the industry. If we really have this kind of surplus try lowering rates, eliminating the number of VP’s and useless Sales Leaders….oh remember we are a mutual company try better dividends .
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Not sure if the amount of ignorance is funny or frightening on this forum? But there is a truck load of it.
The OP is a clear example of the caliber of person who posts on this site. They have no clue what an E&S carrier is. I almost fell out of my seat with the OP thinking it has to do with “surplus” money.
How do people like this graduate high school? It’s unreal the level of stupidity. Works for an insurance company and doesn’t know the a b cs of insurance.
LOL-SF has had an E&S Company for over 7 years now. Not only is the OP factually wrong but clearly does not even comprehend what an E&S carrier brings to the table. Hint-do not assume the E&S carrier is required to use SF underwriting or claims to transact business.
we barely have the staff to handle traditional auto insurance.....
By filing for an E & S company, State Farm
Will be able to sell unique products, ones with little known loss ratios. Problem is , agents are overwhelmed with the number of product offerings, the rapid changes made with current products/ systems and lack of support/ resources. Once again the cart leads the horse down the path of frustrations for the field to deal with . Leadership should focus on eliminating wasteful projects and people.