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Mercury General Corporation Message Board

tutlowtut 18 posts  |  Last Activity: Dec 13, 2013 12:08 PM Member since: Oct 18, 2006
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  • tutlowtut by tutlowtut Dec 13, 2013 12:08 PM Flag

    Just had commissions cut by+ 40%...wow...

    Sentiment: Buy

  • Reply to

    ALL sues BOA

    by supsalemgr Dec 28, 2010 1:41 PM
    tutlowtut tutlowtut Mar 7, 2011 8:25 PM Flag

    First of all...read the Republican campaign platform from 2006...Everyone can have a home..."Bush..." Now...what are insurance persons talking about this anyway? Bank of America leads Allstate down road to financial ruin? Come on...just sell P & C and Life and invest...Get over the Wallstreet crap...I am an independent agent, Hate Allstate and what they did to agent friends of mine...

  • Reply to

    4 warning signs of a dying company

    by imoyfofs Jul 2, 2009 12:54 PM
    tutlowtut tutlowtut Jul 23, 2009 1:08 PM Flag

    ditto

  • Reply to

    Dividend Cut

    by waikiki_wahini Mar 17, 2009 2:22 PM
    tutlowtut tutlowtut Mar 23, 2009 3:56 PM Flag

    From what I see, mark to market accounting caused a 500,000,000 write down, but assets not sold and also they said 30-40 major claims in Calif settled in 4th qtr 08...If any federal changes in mark to market rules, it should benefit Mercury../ very closely held by older investors...hate to cut dividends for old friends...also, look at the insider buying binge on 2-3 days before dividend hold date...profits back up 1st or 2nd quater 09...though volumn down most likely...jmho

  • Reply to

    Problem is Investments

    by tanista3 Oct 9, 2008 1:59 PM
    tutlowtut tutlowtut Oct 13, 2008 11:31 AM Flag

    Problem is growth in premium written stopped about 2 years ago. Technology, keeping agents writing new, and expanding to direct all allowed this from late 90s to 2004 or 2005...Now, nothing new to enhance growth...just hanging on. As a side bar, their FAO appologizes to some agents who are having "slow" response time on any transactions...it is very slow...looking at a 5 car renewal just took me 30 minutes to view/print...

  • tutlowtut by tutlowtut Oct 9, 2008 4:21 PM Flag

    Weird movement here...way up during crises, solid investments, now way down, sector hit...funds dumping it all to make up for losses...how long can i hang...

  • Reply to

    Almost time to jump in

    by juelzbfrsh Jul 16, 2008 4:13 PM
    tutlowtut tutlowtut Sep 4, 2008 6:00 PM Flag

    no...NOW..

  • Reply to

    KFS sells York Fire & Casualty

    by mrpatel7860 Aug 26, 2008 5:57 PM
    tutlowtut tutlowtut Sep 2, 2008 5:43 PM Flag

    8 29 2008....sale of York...allows them to "focus...resources...on core lines...like non standard auto..."

    9 2 2008...Texas agents notified that Southern United (KFS non standard affilicate for Texas and South) is ceasing all
    new business in Texas and non renewing all existing policyholders...

    No reson...but presumably not profitable...second time pulled out of Texas in 15 years...

  • tutlowtut by tutlowtut Jun 24, 2008 10:53 AM Flag

    IA magazine article about D & O...I don't sell it, but I think Progress has Bankers Insurance Division...Do they sell and are they exposed to the sub prime D& O loss exposure? This message board has become so boring I thought I would post this...

  • tutlowtut by tutlowtut May 1, 2008 3:07 PM Flag

    Up a bunch since Safeco takeover...I wonder....

  • Reply to

    Auto accident reports

    by dogbird218 Mar 2, 2008 10:57 AM
    tutlowtut tutlowtut Mar 4, 2008 3:26 PM Flag

    Most carriers rate for past 35 or 36 months, but many of those same carriers "tier" based on a 5 year history and have variour tiers for different combinations of losses...amount of comp claims, under 250 or 500 threshold on dollars, etc...It is why you need to shop with your agent or the marketplace every 2 years...

  • Reply to

    This is going to help the stock

    by patp1008 Jan 11, 2008 8:31 AM
    tutlowtut tutlowtut Feb 14, 2008 7:03 PM Flag

    No one can say that Progressive has been run into the ground...They have made mistakes (with agents, and perhaps occasionally with marketing..,) but you have not lucidated what they have done...I have been here since 72 and respect and admire what Progressive has done...though I don't place or reccommend all insured's use them for their auto...
    Progressive premium written 1986...333,182,000
    Progressive premium written 2006..12 billion...

    Employees complain, agents complain, customers complain, and even probably the Board complains...but the evidence supports that this is a very successful American Corporation.

    I just hope that none of their bond investments are or are close to being CDO's

  • Reply to

    Peter Lewis screwed the Agents

    by patp1008 Jan 10, 2008 10:25 PM
    tutlowtut tutlowtut Jan 14, 2008 6:15 PM Flag

    My sarcasm might not have been evident...

  • Reply to

    Peter Lewis screwed the Agents

    by patp1008 Jan 10, 2008 10:25 PM
    tutlowtut tutlowtut Jan 14, 2008 5:38 PM Flag

    All right...a message similar to what I like to see...lets get this board going again...come on...

  • Amazing....re constructing a burnt bridge....could this possibly work? Re-signage cost must be astronomical...and, will they have to re contract the agents like they did when thcy changed to Drive? Oh well...35 years in this business, and appointed with Prog 30 of them...I have one MGA that's been around that long and then, Dairyland...

  • Reply to

    Not sure if this is the right place but...

    by lordofthelab Feb 7, 2007 9:33 PM
    tutlowtut tutlowtut Feb 8, 2007 10:33 AM Flag

    Get homeowners and auto together with whoever offers the best rates, service, and financial strenght...unless you are poor risk...then shop them separately...In Houston (I am independent agent) you may not even be able to get homeowners with HOrace Mann...depends on house/where/how old/etc...Many carriers are selling restricted forms (worried about windstorm cat losses...) I say no to annuities...I don't know where the idea to sell teachers annuities came from...stock funds 403b with Fidelity is where my wife/nurse has her 403b...I like...there are others...Get life insurance, but be smart...term cheapest...choose term best for your circumstances...married? wife? age? kids? when they grown? If a renter now, get HOBT, need liability coverage and basic contents incase of fire/disaster...also get flood...
    Long term care very cheap while young...Yahoo finance has Susie ormon (sic) and she has a good guide...I only looked at this message board today because HMN went up 9% yesterday and I am vaguely familiar...You buy insurance because you need it. if you don't need it you don't buy it...I will not be reading responses to this, just thought I would answer your somewhat consternated inquiry...

  • Reply to

    advtsng

    by tutlowtut Oct 18, 2006 6:02 PM
    tutlowtut tutlowtut Nov 8, 2006 4:32 PM Flag

    apparently now geico sues or attempts copyright imp...so we won't see ads

  • tutlowtut by tutlowtut Oct 18, 2006 6:02 PM Flag

    Insguy...go to Insurance Journal-prop cas news...go to Texas/S.Central...Go to October 12...last item is N Texas agent takes on geico...link to his ads...pretty good, eh?

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