The new earnings report highlights how CRM's position has improved. They are now out of a poor business (SIG in NY) and poised to grow in a good one (primary insurance in CA and other states).
You're too much! Bush "got" Boston those titles? What did he have to do with it? It's a very democratic state with the likes of the Chappaquidic Killer, John "I've never done anything except marry wealthy women" Kerry and Mike "take the army helmet off" Dukaka...some real beauties there! As for obama, perhaps he'll rename the Chisox "6% Black Sox"...and as for the Pats, there's not much offense going on in Foxboro these days...
mmmajor is correct. The potential for growth is there because CRM has largely switched its emphasis from SIG to primary insurance. While some indicators may lag--this was a sound business decision.
So instead of passing the trash back to the self-insureds, they will be keeping all of the risk for themselves and this makes it better, huh? Or do you think they will make a bucket of money by fucking their reinsurers?
Yes, very impressive growth of primary business in New Jersey.
QUESTION: How did they grow so fast in such a competitive market?
ANSWER: By underpricing the business, just like they did with their self-insured groups (and look where that got them).
In the workers comp business, you don't have to be smart to price low.