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Kingsway Financial Services Inc. Message Board

  • grim_reaper_666_arrived grim_reaper_666_arrived Aug 7, 2009 2:40 PM Flag

    12-24 Months of Underpriced Renewals

    which is what the Kingsway group is sitting on. If they start today, it will be at least 2 more years of bleeding before they can reprice their product.

    Also, how do the underwriters price the renewals when all they have to look at is GROSSLY UNDER RESERVED CLAIMS! The Fish rots from the Head Down.

    And then they moved all of the Lincoln Gen & American Country people over to run the commercial department. These people are responsible for losing $500+ million, and now they are in charge again? Geesh, Bone heads are running the show.

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    • Does anyone know who is in charge of the Lincoln Run-Off. I hear it may take a great deal of time to run-off claims and i would think the claims staff at Lincoln are dfe-moralized...any ideas?

      Boy that was a terrible quarter!

      • 1 Reply to polena10
      • Ignore Lincoln General and buy this stock. The right management is in place at the Kingsway level and they will right the ship. They will either get the company mopre profitable or better position it for a sell-off, in either case at this stock price you should make money.

        The guy overseeing the Lincoln General run-off is a nitwit who was a major source of the problem they had in first place. As long as they do not let him start selling new business the company will be fine in run-off.

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