It's only been down a short time. Stocks can take
time to recover. My take on it is that the market is
looking for a good sign that Chandler can really make
this merger work. I also believe that the bad news is
behind us and that improvements are forth coming. The
market will respond appropriately.
I am quite
surprised that the price did not go up a lot more before it
went down though. The risk of the merger failing early
is behind us now. Usually the market likes that.
This time it didn't care. Can it be that it is saying
that Chandler may have taken on more than he is able
to deliver on? I hope not for all our sakes. I also
really don't believe that.
So, hang in there.
It's only paper. -- And hold the profanity. This is no
place for it.
Unum, like everyone else, operates both within
and without their spectrum. Todays fall is Aetna's
"how to get them off DI." That's about as real as last
week's employment numbers. This whole market, other than
index funds, is rather fickel. If only UNM would do
anything CLOSE to Colonial or Provident! This stock
your understanding, or lack thereof, of the DI
industry. Berkshire and Guardian have traditional Non-can
w/own-occ. Guardian's rates are a joke, as are the
sex-distinct female rates of Berkshires. For the moment, the
multi-life non-can market is dominated by MassMutual (All
former Paul Revere Execs.... they didnt want to move to
TN) and Provident, whose advanced underwriting dept.
is run by Revere execs.
noncan slopper: You are an idiot. If you can't
see the internet playing a role in this industry, you
are as stupid as your name.
Do you really think
agents are the wave of the future? If you are an agent
and you are that blind, you may want to get some
lasic eye surgury before it is too late. Or is that not
a reality either.
It also seems you are
still stuck in the 80's and early 90's non can. Talk
about reserve hits.
I want to know from all you inside experts how
Unum has posted a "Buy Direct" on the homepage? Is
this a Harold idea? Does he think he can replace
agents like he replaced bank tellers with ATM machines?
Or was this a Jim Orr idea?
Go to the page if
you don't think it is there. Only problem I have
found is the ability to obtain information. It appears
to be a crappy product, but no way of telling - does
not seem to be approved in any states.
is a Harold idea, someone should tell him, even with
a low end product that is streamlined underwriting,
all you get is adverse selection. Can anyone say -
Big Reserve Write-off??
UNUM has been working on Y2K compliance for over
I know for a fact that they have a
number of their systems
Y2K compliant and are up and
running (Merlin and the Flex System). I think they are
still working on the Merlin side
but have made great
stride and progress with it. We do need
to take data
information (tape to tape with enrollment information) into
consideration and hope that our supplier is
They have been working on this with alot
excellent resources within UNUM. Cheryl Stewart is
sponsor (this could have changed by now-not sure) of
at UNUM and has personally stated that UNUM will be
Hope this answers your questions as to UNUM's part.
I don't know about the Unum side of the house,
but I can speak to the Provident side. Y2K compliancy
is there. Of course, it is not 100%. Any large
organization that claims 100% compliancy is lying or they are
covering their eyes. Simple fact is, there are a lot of
systems that they are taking the word of their suppliers
on. But, the internal systems that Provident has
direct control over and most of the third party systems
have been thoroughly tested in a time machine
environment. They have done more than due diligence in
ensuring that the systems will perform as desired after
the year 2000. Their systems have been in the time
machine since about June of last year and will complete
two or three more passes this year.
line is, Provident put together a Y2K program nearly 2
years ago and has been executing that program ever
since. It is extremely detailed. There is too much at
risk to do any less.
Does anyone know about
the 70% that I know about represents that 70% of
the doctor marketplace has ind. non can disability
insurance. What I understand UnumProvident to be focusing on
with the ind. marketplace is the totally un-penetrated
middle income and professional manager marketplace. this
market ( which I am one of) is not interested in a
policy that pays when there is not loss. What I want is
a policy that pays me when I can't work, and pays
me and helps me if I could go back to work. Not
looking to milk the system.
is DEAD, but Non-Can is not. That is the fact.
Doctors and Lawyers can get this product, but it limits
the own-occ language.
Bopper, I did do my
homework, Your Non-Can version is DEAD. If you cannot sell
the current products, then get out of the
If Harold is as smart as his reputation portrays,
I would believe he has taken care of all the stuff
UNUM swept under the rug for the past several years.
That's why he's in charge and not Mr.Orr, though some
remaining UNUM senior management were more responsible for
the problems than Orr.
Good luck Harold!!!