Hard Market Links Part 1 of 6

Higher insurance premiums will arrive next year

Survey: Insurance Ranks No. 2 as Most Important Bill to Pay On-Time

Hard market ahead - but recession will delay the increase in insurance rates

Hard market will arrive next year: Advisen

Aon lists top 5 risk challenges for 2009

After Stormy 2008, P/C Industry Facing Uncertainty in New Year

Consumer Demand Expected to Decline in 2009

Specialization vs Diversification in Insurance

Managing an Agency in a Troubled Economy, Priority No. 1: Customer Retention

MarketScout: Soft market may be winding down

Soft Market Over?

Insurers Weather Financial Storms Of 2008: III Discussion

2008 Catastrophe Losses

Coming hard market will wear different face

Next hard market won't be typical: Duperreault

Hard market is coming and may be prolonged, Advisen says

Higher Insurance Premiums Predicted in 2009

Insurers Anticipate a Year of 'Defense' in 2009

Insured Catastrophe Losses Hit $45 Billion In '08

P&C Insurers Hit by Credit Crisis, Storms

Market May Turn In Late 2009: If Economic Conditions Persist, Next Hard Market May Last Awhile

PCI, Industry Prepare For Major Federal Challenges in 2009

Property/Casualty Chiefs See Lingering Effects From 2008 Financial Storm

Fitch Releases U.S. Insurance Broker 2008 Review & Outlook for 2009

Value Added Services for Insurance Agents

E&O Prices Begin to Firm

 

GAO: Congress should weigh all sides of federal insurance regulation

Property/Casualty Insurers Can Avoid the Financial Slaughter if They Stick to Their Strengths

Volatility, rate hikes on the horizon for P/C industry in 2009

Soft Market at Bottom? (Insurance Broadcasting) 

Priority One

Mixed Reviews for Renewals

The Economy Impacts Broker Relationships

 

Ernst & Young Sees a Transitional Environment Ahead for US Property and Casualty Insurers in 2009

What Does 2009 Hold For The Insurance Industry?

Consulting firm: P/C will need wary economic eye in 2009

Hard Market First Quarter Report

Colleagues.

So much has happened this year! I am excited to bring you my first real installment of news information I hope you will find useful. Major Link update coming soon!

On my last post I mentioned that Berkshire Hathaway was going to be the Next AIG. Here is a quick snapshot on what I plan to investigate this year.

There are several credit rating agencies that allow insurance companies to borrow money and loan it out. Their guidelines and ratings are what allow the lenders to offer them cheap money. I am sure you all know that AIG did a lot more then insurance. In fact they used some premium dollars from insurance to go into other arenas to try to get a better return on investment. In essence they were trying to make money with their great credit and insurance products was one of their revenue sources. Well I am not going to go into detail why AIG got hit but I do have a forecast about AIG, then I will move over to Berkshire Hathaway.

I believe AIG will be the first Nationalized insurance company. In fact I bet they are the first people to help out on this National Health Care Program. I have some other beliefs on this but I don't want to go to deep into it right now because I am not in a philosophical mood.

Onto Berkshire....The Insurance Industry is controlled by old Architects who don't like American Insurance companies messing with their turf. Berkshire is starting to make waves in the international community and are making the old school insurance architechts upset that they are moving onto their turf. There are several reasons for this. First they don't like loosing money. Second they don't like anything to change or be different then their current supply chain for insurance. For a great article on this vist my friend's Article called the Inefficency Paradox excellent reading! So why am I saying that Berkshire willbe the next AIG? Well it started once AIG lost it's AAA credit rating. Investors got scared and felt the old man Hank was just unable to run the company anymore. This was in fact something that was done by old world brokers...stir up the beehive to kill the boss, then the old world brokers would come pillage the honey.

The same thing just happened this month. Fitch dropped Berkshire's credit rating. If you look at some of the links in past blogs you will see one of the main reasons was due to the Ironclad control by Warren Buffet. I may be wrong and Warren may be able to hold onto Liberty Mutual and his other Insurance Companies but I sure there is someone or some powers trying to wrestle it from under his control. If this happens say goodbye to the last real American Insurance company! I will be talking about this as more information is released or I find out some more dirt.

Why Berskshire Hathaway will be the next AIG

Bershire Hathaway was recently Downgraded one of the primary reasons was because of Buffet's Ironclad control of his company. If I recall correctly this same thing happened to Greenberg in 2005. Look at my posts over a year ago and this was predicted. Now that they are messing with Berkshire's credit ratings this is more proof the hardmarket is upon us. This is an impromptu post. I can assure you the next one will substantiate this. I have 3 months of data to put up but I am to busy trying to make a living. Wait till the next nugget friends!