According to the CC they can with current reserves write up to 200 million in premiums possible with the new rate increase. Also the legislature is getting ready to pass new bill that will help insurers. TCHC will survive and is far better then other public counter parts.
These morons will have to eliminate the dividend in September. The only good news is the directors bot stock at $3.60 and are down 20%. In order the recoup, they will have to sell the company. HCII would not buy it according to them---too far gone now.
Max writing capacity would be great if they could or would right that much business. They aren't writing business. The number of policies is down. That is why their gross premium is down. The thing that I can't get over is they say they may get business from the state, but if the state is raising prices by 10% a year and TCHC is raising by 20% a year TCHC won't get any new business.