16 Quotes by Paul Newsome

Rate increases is one of a number of questions that personal lines companies, like Allstate, will face.

They still haven't developed their skills to the extent that they are substantially more profitable than their competitors, ... If they develop the skills and manage their claims better, they can go to the big insurers and demonstrate that they (Midland) should write the business, not them.

It's a rather bold move. It's an enormous acquisition and it's coming very quickly after a very complicated merger with St. Paul-Travelers. It's not terribly likely because they'll have trouble getting their investor base in line.

It's been a long time since they've had a year without something exceptional.

The turnaround looks like it's kind of going, but going slowly. It's not a complete, across-the-board turnaround at this point yet. But they made progress in the fourth quarter and the results showed it.

I'm surprised at the speed with which the market has gone up. It's premature and my guess is that rates aren't going to go higher.

If the rating agencies downgrade this across the board ... that could have an impact on the earnings,