Let's talk honestly,has this stock out performed or under performed the market in 2007? Does Jay's plan of buying back shares at our expense make sense? Why spend company money in a poor investment?Good way to get the price of the stock up for those holding options in top postions for the short term.How are those that run the company evaluated?Are they making good or poor decisions? Should the return on the stock be reflective of their skills and decisions? This company is poorly run and managed,the return on the stock shows this all to well.No real leadership, over staffed departments,cutting rates to write poor business,poor claims service,five people doing the same job,V.P's who only worry about the size of their own bonus, talent leaving the company to work for other well run insurance companies,poor service to agents,red tape, endless meetings that nothing postive comes out of and so on and so on . No big Cats in 2007 and still no return on the stock, what happens when we have Cats? Will Jay and the V.P's say no bonus this year since the stockholders did so poorly? Let's see what they do. Travelers is going down hill with the wind at it back.To big to be well run,others are eating it's lunch. It would be best for the stockholders for the company to sell off some of it's parts and stick to what it can to best, Jay what can we do best? Fellow stockholers I say UNACCEPTABLE!