<html><head></head><body><div class="ydpb6e2c53dyahoo-style-wrap" style="font-family: verdana, helvetica, sans-serif; font-size: 16px;"><div><div dir="ltr" data-setdir="false">The last I heard he was trying to run for the Senate in MI.</div><div><br></div><div class="ydpb6e2c53dsignature">Joe Mato<div>62 Wood Road</div><div>Redding, CT 06896</div><div>917 232 1555</div></div></div>
<div><br></div><div><br></div>
</div><div id="ydp56fdaeedyahoo_quoted_9199417951" class="ydp56fdaeedyahoo_quoted">
<div style="font-family:'Helvetica Neue', Helvetica, Arial, sans-serif;font-size:13px;color:#26282a;">
<div>
On Saturday, December 4, 2021, 02:02:37 PM EST, <triumphs-request@autox.team.net> wrote:
</div>
<div><br></div>
<div><br></div>
<div><div dir="ltr">Send Triumphs mailing list submissions to<br></div><div dir="ltr"> <a href="mailto:triumphs@autox.team.net" rel="nofollow" target="_blank">triumphs@autox.team.net</a><br></div><div dir="ltr"><br></div><div dir="ltr">To subscribe or unsubscribe via the World Wide Web, visit<br></div><div dir="ltr"> <a href="http://autox.team.net/mailman/listinfo/triumphs" rel="nofollow" target="_blank">http://autox.team.net/mailman/listinfo/triumphs</a><br></div><div dir="ltr">or, via email, send a message with subject or body 'help' to<br></div><div dir="ltr"> <a href="mailto:triumphs-request@autox.team.net" rel="nofollow" target="_blank">triumphs-request@autox.team.net</a><br></div><div dir="ltr"><br></div><div dir="ltr">You can reach the person managing the list at<br></div><div dir="ltr"> <a href="mailto:triumphs-owner@autox.team.net" rel="nofollow" target="_blank">triumphs-owner@autox.team.net</a><br></div><div dir="ltr"><br></div><div dir="ltr">When replying, please edit your Subject line so it is more specific<br></div><div dir="ltr">than "Re: Contents of Triumphs digest..."<br></div><div dir="ltr"><br></div><div dir="ltr"><br></div><div dir="ltr">Today's Topics:<br></div><div dir="ltr"><br></div><div dir="ltr"> 1. Re: Hagerty Going Public (William Smith)<br></div><div dir="ltr"> 2. Re: Hagerty Going Public (Paul Tegler)<br></div><div dir="ltr"><br></div><div dir="ltr"><br></div><div dir="ltr">----------------------------------------------------------------------<br></div><div dir="ltr"><br></div><div dir="ltr">Message: 1<br></div><div dir="ltr">Date: Fri, 3 Dec 2021 22:48:49 -0500<br></div><div dir="ltr">From: William Smith <<a href="mailto:smithwm845@gmail.com" rel="nofollow" target="_blank">smithwm845@gmail.com</a>><br></div><div dir="ltr">To: Triumph List <<a href="mailto:triumphs@autox.team.net" rel="nofollow" target="_blank">triumphs@autox.team.net</a>><br></div><div dir="ltr">Subject: Re: [TR] Hagerty Going Public<br></div><div dir="ltr">Message-ID:<br></div><div dir="ltr"> <CADy_YYrzRK5NRxgz=M5JD9EMZ0j3YTqYFZuk_xex312=<a href="mailto:0nsEtg@mail.gmail.com" rel="nofollow" target="_blank">0nsEtg@mail.gmail.com</a>><br></div><div dir="ltr">Content-Type: text/plain; charset="utf-8"<br></div><div dir="ltr"><br></div><div dir="ltr">As a retired public company finance guy, I agree that growth is important<br></div><div dir="ltr">to the public shareholders. However equally, if not more important, is<br></div><div dir="ltr">net income and earnings per share as they relate to market value per share<br></div><div dir="ltr">and dividends. Here is where the policy holders are at risk. One of the<br></div><div dir="ltr">many factors contributing to net income & earnings/share is cost. Another<br></div><div dir="ltr">is pricing.<br></div><div dir="ltr"><br></div><div dir="ltr">A major cost for insurance companies is claims cost. So, what can an<br></div><div dir="ltr">insurance company do to reduce claims cost? ....... minimize claim<br></div><div dir="ltr">payments! One of the ways it can do that is to tighten it's underwriting<br></div><div dir="ltr">requirements; ie., making it tougher to get insurance in the first place.<br></div><div dir="ltr">Another, which may be more important to us policy holders, is to be more<br></div><div dir="ltr">strict in paying claims; e.g., more challenging of claim amounts, or even<br></div><div dir="ltr">outright denials. (How many of us have had difficulties from time-to-time<br></div><div dir="ltr">getting our health insurance claims paid?)<br></div><div dir="ltr"><br></div><div dir="ltr">As to pricing, of course they can increase premiums. However, absent price<br></div><div dir="ltr">fixing collusion with other carriers, there is some competitive pressure to<br></div><div dir="ltr">limit that.<br></div><div dir="ltr"><br></div><div dir="ltr">Summing up, for the time being, I'll give them the benefit of the doubt<br></div><div dir="ltr">...... but we'll have to watch our renewal premiums and claim experiences,<br></div><div dir="ltr">and hope for the best.<br></div><div dir="ltr">-------------- next part --------------<br></div><div dir="ltr">An HTML attachment was scrubbed...<br></div><div dir="ltr">URL: <<a href="http://autox.team.net/pipermail/triumphs/attachments/20211203/75aae5b7/attachment-0001.htm" rel="nofollow" target="_blank">http://autox.team.net/pipermail/triumphs/attachments/20211203/75aae5b7/attachment-0001.htm</a>><br></div><div dir="ltr"><br></div><div dir="ltr">------------------------------<br></div><div dir="ltr"><br></div><div dir="ltr">Message: 2<br></div><div dir="ltr">Date: Sat, 4 Dec 2021 00:51:49 -0500<br></div><div dir="ltr">From: Paul Tegler <<a href="mailto:ptegler@verizon.net" rel="nofollow" target="_blank">ptegler@verizon.net</a>><br></div><div dir="ltr">To: <a href="mailto:triumphs@autox.team.net" rel="nofollow" target="_blank">triumphs@autox.team.net</a><br></div><div dir="ltr">Subject: Re: [TR] Hagerty Going Public<br></div><div dir="ltr">Message-ID: <<a href="mailto:9585df76-3e25-3345-884a-1eef3f101bed@verizon.net" rel="nofollow" target="_blank">9585df76-3e25-3345-884a-1eef3f101bed@verizon.net</a>><br></div><div dir="ltr">Content-Type: text/plain; charset=UTF-8; format=flowed<br></div><div dir="ltr"><br></div><div dir="ltr">...was just watching a TV racing program (at Road Atlanta no less where <br></div><div dir="ltr">I've personally done laps)? ..bunch of Porsche classes ...9 hr endurance <br></div><div dir="ltr">race..<br></div><div dir="ltr">The entire race team was Hagerty! Bunch of youtube style 'sponsor' <br></div><div dir="ltr">messages sprinkled all through it, done by the Hagerty drivers.<br></div><div dir="ltr"><br></div><div dir="ltr">Saw the new CEO talking about various aspects of racing, costs and what <br></div><div dir="ltr">he wanted the company to support in the way of getting more talent <br></div><div dir="ltr">behind the wheel in various race organizations.? So yep...could see up <br></div><div dir="ltr">front, company monies now headed towards race team support.<br></div><div dir="ltr"><br></div><div dir="ltr">I'd been considering Hagerty for awhile for my stable.? Decision was <br></div><div dir="ltr">made for me after watching that show and listening to the CEO. One less <br></div><div dir="ltr">ins. company to ever consider here.? :-(<br></div><div dir="ltr"><br></div><div dir="ltr">ptegler<br></div><div dir="ltr"><br></div><div dir="ltr">On 12/3/2021 10:48 PM, William Smith wrote:<br></div><div dir="ltr">> As a retired public company finance guy, I agree that growth is <br></div><div dir="ltr">> important to the public shareholders.? However equally,? if not more <br></div><div dir="ltr">> important, is net income and? earnings per share as they relate to <br></div><div dir="ltr">> market value per share and dividends. Here is where the policy holders <br></div><div dir="ltr">> are at risk. One of the many factors contributing to net income & <br></div><div dir="ltr">> earnings/share is cost. Another is pricing.<br></div><div dir="ltr">><br></div><div dir="ltr">> A major cost for insurance companies is claims cost.? So, what can an <br></div><div dir="ltr">> insurance company do to reduce claims cost? ....... minimize claim <br></div><div dir="ltr">> payments!? One of the ways it can do that is to tighten it's <br></div><div dir="ltr">> underwriting requirements; ie., making it tougher to get insurance in <br></div><div dir="ltr">> the first place. Another, which may be more important to us policy <br></div><div dir="ltr">> holders, is to be more strict in paying claims; e.g., more challenging <br></div><div dir="ltr">> of claim amounts, or even outright denials. (How many of us have had <br></div><div dir="ltr">> difficulties from time-to-time getting our health insurance claims paid?)<br></div><div dir="ltr">><br></div><div dir="ltr">> As to pricing, of course they can increase premiums. However, absent <br></div><div dir="ltr">> price fixing collusion with other carriers, there is some competitive <br></div><div dir="ltr">> pressure to limit that.<br></div><div dir="ltr">><br></div><div dir="ltr">> Summing up, for the time being,? I'll give them the benefit of the <br></div><div dir="ltr">> doubt ...... but we'll have to watch our renewal premiums and claim <br></div><div dir="ltr">> experiences, and hope for the best.<br></div><div dir="ltr">><br></div><div dir="ltr">> ** <a href="mailto:triumphs@autox.team.net" rel="nofollow" target="_blank">triumphs@autox.team.net</a> **<br></div><div dir="ltr">><br></div><div dir="ltr">> Donate: <a href="http://www.team.net/donate.html" rel="nofollow" target="_blank">http://www.team.net/donate.html</a><br></div><div dir="ltr">> Archive: <a href="http://www.team.net/pipermail/triumphs " rel="nofollow" target="_blank">http://www.team.net/pipermail/triumphs </a> <a href="http://www.team.net/archive" rel="nofollow" target="_blank">http://www.team.net/archive</a><br></div><div dir="ltr">><br></div><div dir="ltr">> Unsubscribe/Manage: <a href="http://autox.team.net/mailman/options/triumphs/ptegler@verizon.net" rel="nofollow" target="_blank">http://autox.team.net/mailman/options/triumphs/ptegler@verizon.net</a><br></div><div dir="ltr"><br></div><div dir="ltr">-- <br></div><div dir="ltr">Paul Tegler<br></div><div dir="ltr"><a href="mailto:ptegler@verizon.net" rel="nofollow" target="_blank">ptegler@verizon.net</a> www.teglerizer.com<br></div><div dir="ltr"><br></div><div dir="ltr"><br></div><div dir="ltr"><br></div><div dir="ltr">------------------------------<br></div><div dir="ltr"><br></div><div dir="ltr">Subject: Digest Footer<br></div><div dir="ltr"><br></div><div dir="ltr">_______________________________________________<br></div><div dir="ltr"><br></div><div dir="ltr">Triumphs mailing list<br></div><div dir="ltr"><a href="mailto:Triumphs@autox.team.net" rel="nofollow" target="_blank">Triumphs@autox.team.net</a><br></div><div dir="ltr"><a href="http://autox.team.net/mailman/listinfo/triumphs" rel="nofollow" target="_blank">http://autox.team.net/mailman/listinfo/triumphs</a><br></div><div dir="ltr"><br></div><div dir="ltr"><br></div><div dir="ltr">------------------------------<br></div><div dir="ltr"><br></div><div dir="ltr">End of Triumphs Digest, Vol 14, Issue 251<br></div><div dir="ltr">*****************************************<br></div></div>
</div>
</div></body></html>