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AmTrust Financial Services, Inc. Message Board

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  • clarkpetersen1944 clarkpetersen1944 Sep 26, 2008 6:11 PM Flag

    question

    First, Amtrust is not, I repeat NOT, a bank. It is a workman"s comp INSURANCE company. Second, since Amtrust is not a bank, I doubt if it falls under the FDIC"s jurisdiction. Third, since Amtrust has one of the lowest combined ratios in the business, this indicates very talented management. They should not be tarred and feathered like AIG, another insurance company which does have capital problems. I don"t know what you saw for CDs. It may have been short term commercial paper. But in any case, your money is as safe as the gold in Fort Knox. Clark

 
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