Subject: Re: [TR] Triumphs Digest, Vol 14, Issue 251

From: JOSEPH MATO <[email-masked]>
Date: Sat, 4 Dec 2021 19:45:57 +0000 (UTC)

--===============5407638448452068416==
	boundary="----=_Part_4317414_698168670.1638647157694"

------=_Part_4317414_698168670.1638647157694
Content-Transfer-Encoding: quoted-printable

The last I heard he was trying to run for the Senate in MI.
Joe Mato62 Wood RoadRedding, CT 06896917 232 1555=20

    On Saturday, December 4, 2021, 02:02:37 PM EST, <triumphs-request@autox=
.team.net> wrote: =20
=20
 Send Triumphs mailing list submissions to
=C2=A0=C2=A0=C2=A0 [email-masked]

To subscribe or unsubscribe via the World Wide Web, visit
=C2=A0=C2=A0=C2=A0 http://autox.team.net/mailman/listinfo/triumphs
or, via email, send a message with subject or body 'help' to
=C2=A0=C2=A0=C2=A0 [email-masked]

You can reach the person managing the list at
=C2=A0=C2=A0=C2=A0 [email-masked]

When replying, please edit your Subject line so it is more specific
than "Re: Contents of Triumphs digest..."

Today's Topics:

=C2=A0 1. Re: Hagerty Going Public (William Smith)
=C2=A0 2. Re: Hagerty Going Public (Paul Tegler)

----------------------------------------------------------------------

Message: 1
Date: Fri, 3 Dec 2021 22:48:49 -0500
From: William Smith <[email-masked]>
To: Triumph List <[email-masked]>
Subject: Re: [TR] Hagerty Going Public
Message-ID:
=C2=A0=C2=A0=C2=A0 <CADy_YYrzRK5NRxgz=3DM5JD9EMZ0j3YTqYFZuk_xex312=3D0nsEtg=
@mail.gmail.com>

As a retired public company finance guy, I agree that growth is important
to the public shareholders.=C2=A0 However equally,=C2=A0 if not more import=
ant, is
net income and=C2=A0 earnings per share as they relate to market value per =
share
and dividends.=C2=A0 Here is where the policy holders are at risk. One of t=
he
many factors contributing to net income & earnings/share is cost. Another
is pricing.

A major cost for insurance companies is claims cost.=C2=A0 So, what can an
insurance company do to reduce claims cost? ....... minimize claim
payments!=C2=A0 One of the ways it can do that is to tighten it's underwrit=
ing
requirements; ie., making it tougher to get insurance in the first place.
Another, which may be more important to us policy holders, is to be more
strict in paying claims; e.g., more challenging of claim amounts, or even
outright denials. (How many of us have had difficulties from time-to-time
getting our health insurance claims paid?)

As to pricing, of course they can increase premiums. However, absent price
fixing collusion with other carriers, there is some competitive pressure to
limit that.

Summing up, for the time being,=C2=A0 I'll give them the benefit of the dou=
bt
...... but we'll have to watch our renewal premiums and claim experiences,
and hope for the best.
-------------- next part --------------
An HTML attachment was scrubbed...
URL: <http://autox.team.net/pipermail/triumphs/attachments/20211203/75aae5b=
7/attachment-0001.htm>

------------------------------

Message: 2
Date: Sat, 4 Dec 2021 00:51:49 -0500
From: Paul Tegler <[email-masked]>
To: [email-masked]
Subject: Re: [TR] Hagerty Going Public

...was just watching a TV racing program (at Road Atlanta no less where=20
I've personally done laps)? ..bunch of Porsche classes ...9 hr endurance=20
race..
The entire race team was Hagerty! Bunch of youtube style 'sponsor'=20
messages sprinkled all through it, done by the Hagerty drivers.

Saw the new CEO talking about various aspects of racing, costs and what=20
he wanted the company to support in the way of getting more talent=20
behind the wheel in various race organizations.? So yep...could see up=20
front, company monies now headed towards race team support.

I'd been considering Hagerty for awhile for my stable.? Decision was=20
made for me after watching that show and listening to the CEO. One less=20
ins. company to ever consider here.? :-(

ptegler

On 12/3/2021 10:48 PM, William Smith wrote:
> As a retired public company finance guy, I agree that growth is=20
> important to the public shareholders.? However equally,? if not more=20
> important, is net income and? earnings per share as they relate to=20
> market value per share and dividends. Here is where the policy holders=20
> are at risk. One of the many factors contributing to net income &=20
> earnings/share is cost. Another is pricing.
>
> A major cost for insurance companies is claims cost.? So, what can an=20
> insurance company do to reduce claims cost? ....... minimize claim=20
> payments!? One of the ways it can do that is to tighten it's=20
> underwriting requirements; ie., making it tougher to get insurance in=20
> the first place. Another, which may be more important to us policy=20
> holders, is to be more strict in paying claims; e.g., more challenging=20
> of claim amounts, or even outright denials. (How many of us have had=20
> difficulties from time-to-time getting our health insurance claims paid?)
>
> As to pricing, of course they can increase premiums. However, absent=20
> price fixing collusion with other carriers, there is some competitive=20
> pressure to limit that.
>
> Summing up, for the time being,? I'll give them the benefit of the=20
> doubt ...... but we'll have to watch our renewal premiums and claim=20
> experiences, and hope for the best.
>
> ** [email-masked] **
>
> Donate: http://www.team.net/donate.html
> Archive: http://www.team.net/pipermail/triumphs  http://www.team.net/arch=
ive
>
> Unsubscribe/Manage: http://autox.team.net/mailman/options/triumphs/ptegle=
[email-masked]

--=20
Paul Tegler
[email-masked]=C2=A0 www.teglerizer.com

------------------------------

Subject: Digest Footer

_______________________________________________

Triumphs mailing list
[email-masked]
http://autox.team.net/mailman/listinfo/triumphs

------------------------------

End of Triumphs Digest, Vol 14, Issue 251
*****************************************
 =20
------=_Part_4317414_698168670.1638647157694
Content-Transfer-Encoding: quoted-printable

<html><head></head><body><div class=3D"ydpb6e2c53dyahoo-style-wrap" style=
=3D"font-family: verdana, helvetica, sans-serif; font-size: 16px;"><div><di=
v dir=3D"ltr" data-setdir=3D"false">The last I heard he was trying to run f=
or the Senate in MI.</div><div><br></div><div class=3D"ydpb6e2c53dsignature=
">Joe Mato<div>62 Wood Road</div><div>Redding, CT 06896</div><div>917 232 1=
555</div></div></div>
        <div><br></div><div><br></div>
       =20
        </div><div id=3D"ydp56fdaeedyahoo_quoted_9199417951" class=3D"ydp56=
fdaeedyahoo_quoted">
            <div style=3D"font-family:'Helvetica Neue', Helvetica, Arial, s=
ans-serif;font-size:13px;color:#26282a;">
               =20
                <div>
                    On Saturday, December 4, 2021, 02:02:37 PM EST,  &lt;tr=
[email-masked]&gt; wrote:
                </div>
                <div><br></div>
                <div><br></div>
                <div><div dir=3D"ltr">Send Triumphs mailing list submission=
s to<br></div><div dir=3D"ltr">&nbsp;&nbsp;&nbsp; <a href=3D"mailto:triumph=
[email-masked]" rel=3D"nofollow" target=3D"_blank">[email-masked]=
t</a><br></div><div dir=3D"ltr"><br></div><div dir=3D"ltr">To subscribe or =
unsubscribe via the World Wide Web, visit<br></div><div dir=3D"ltr">&nbsp;&=
nbsp;&nbsp; <a href=3D"http://autox.team.net/mailman/listinfo/triumphs" rel=
=3D"nofollow" target=3D"_blank">http://autox.team.net/mailman/listinfo/triu=
mphs</a><br></div><div dir=3D"ltr">or, via email, send a message with subje=
ct or body 'help' to<br></div><div dir=3D"ltr">&nbsp;&nbsp;&nbsp; <a href=
=3D"mailto:[email-masked]" rel=3D"nofollow" target=3D"_bla=
nk">[email-masked]</a><br></div><div dir=3D"ltr"><br></div=
><div dir=3D"ltr">You can reach the person managing the list at<br></div><d=
iv dir=3D"ltr">&nbsp;&nbsp;&nbsp; <a href=3D"mailto:[email-masked]=
am.net" rel=3D"nofollow" target=3D"_blank">[email-masked]</a=
><br></div><div dir=3D"ltr"><br></div><div dir=3D"ltr">When replying, pleas=
e edit your Subject line so it is more specific<br></div><div dir=3D"ltr">t=
han "Re: Contents of Triumphs digest..."<br></div><div dir=3D"ltr"><br></di=
v><div dir=3D"ltr"><br></div><div dir=3D"ltr">Today's Topics:<br></div><div=
 dir=3D"ltr"><br></div><div dir=3D"ltr">&nbsp;  1. Re: Hagerty Going Public=
 (William Smith)<br></div><div dir=3D"ltr">&nbsp;  2. Re: Hagerty Going Pub=
lic (Paul Tegler)<br></div><div dir=3D"ltr"><br></div><div dir=3D"ltr"><br>=
</div><div dir=3D"ltr">----------------------------------------------------=
------------------<br></div><div dir=3D"ltr"><br></div><div dir=3D"ltr">Mes=
sage: 1<br></div><div dir=3D"ltr">Date: Fri, 3 Dec 2021 22:48:49 -0500<br><=
/div><div dir=3D"ltr">From: William Smith &lt;<a href=3D"mailto:smithwm845@=
gmail.com" rel=3D"nofollow" target=3D"_blank">[email-masked]</a>&gt;<=
br></div><div dir=3D"ltr">To: Triumph List &lt;<a href=3D"mailto:triumphs@a=
utox.team.net" rel=3D"nofollow" target=3D"_blank">[email-masked]</=
a>&gt;<br></div><div dir=3D"ltr">Subject: Re: [TR] Hagerty Going Public<br>=
</div><div dir=3D"ltr">Message-ID:<br></div><div dir=3D"ltr">&nbsp;&nbsp;&n=
bsp; &lt;CADy_YYrzRK5NRxgz=3DM5JD9EMZ0j3YTqYFZuk_xex312=3D<a href=3D"mailto=
:[email-masked]" rel=3D"nofollow" target=3D"_blank">[email-masked]=
l.com</a>&gt;<br></div><div dir=3D"ltr">Content-Type: text/plain; charset=
=3D"utf-8"<br></div><div dir=3D"ltr"><br></div><div dir=3D"ltr">As a retire=
d public company finance guy, I agree that growth is important<br></div><di=
v dir=3D"ltr">to the public shareholders.&nbsp; However equally,&nbsp; if n=
ot more important, is<br></div><div dir=3D"ltr">net income and&nbsp; earnin=
gs per share as they relate to market value per share<br></div><div dir=3D"=
ltr">and dividends.&nbsp; Here is where the policy holders are at risk. One=
 of the<br></div><div dir=3D"ltr">many factors contributing to net income &=
amp; earnings/share is cost. Another<br></div><div dir=3D"ltr">is pricing.<=
br></div><div dir=3D"ltr"><br></div><div dir=3D"ltr">A major cost for insur=
ance companies is claims cost.&nbsp; So, what can an<br></div><div dir=3D"l=
tr">insurance company do to reduce claims cost? ....... minimize claim<br><=
/div><div dir=3D"ltr">payments!&nbsp; One of the ways it can do that is to =
tighten it's underwriting<br></div><div dir=3D"ltr">requirements; ie., maki=
ng it tougher to get insurance in the first place.<br></div><div dir=3D"ltr=
">Another, which may be more important to us policy holders, is to be more<=
br></div><div dir=3D"ltr">strict in paying claims; e.g., more challenging o=
f claim amounts, or even<br></div><div dir=3D"ltr">outright denials. (How m=
any of us have had difficulties from time-to-time<br></div><div dir=3D"ltr"=
>getting our health insurance claims paid?)<br></div><div dir=3D"ltr"><br><=
/div><div dir=3D"ltr">As to pricing, of course they can increase premiums. =
However, absent price<br></div><div dir=3D"ltr">fixing collusion with other=
 carriers, there is some competitive pressure to<br></div><div dir=3D"ltr">=
limit that.<br></div><div dir=3D"ltr"><br></div><div dir=3D"ltr">Summing up=
, for the time being,&nbsp; I'll give them the benefit of the doubt<br></di=
v><div dir=3D"ltr">...... but we'll have to watch our renewal premiums and =
claim experiences,<br></div><div dir=3D"ltr">and hope for the best.<br></di=
v><div dir=3D"ltr">-------------- next part --------------<br></div><div di=
r=3D"ltr">An HTML attachment was scrubbed...<br></div><div dir=3D"ltr">URL:=
 &lt;<a href=3D"http://autox.team.net/pipermail/triumphs/attachments/202112=
03/75aae5b7/attachment-0001.htm" rel=3D"nofollow" target=3D"_blank">http://=
autox.team.net/pipermail/triumphs/attachments/20211203/75aae5b7/attachment-=
0001.htm</a>&gt;<br></div><div dir=3D"ltr"><br></div><div dir=3D"ltr">-----=
-------------------------<br></div><div dir=3D"ltr"><br></div><div dir=3D"l=
tr">Message: 2<br></div><div dir=3D"ltr">Date: Sat, 4 Dec 2021 00:51:49 -05=
00<br></div><div dir=3D"ltr">From: Paul Tegler &lt;<a href=3D"mailto:ptegle=
[email-masked]" rel=3D"nofollow" target=3D"_blank">[email-masked]</a>&g=
t;<br></div><div dir=3D"ltr">To: <a href=3D"mailto:[email-masked]"=
 rel=3D"nofollow" target=3D"_blank">[email-masked]</a><br></div><d=
iv dir=3D"ltr">Subject: Re: [TR] Hagerty Going Public<br></div><div dir=3D"=
ltr">Message-ID: &lt;<a href=3D"mailto:9585df76-3e25-3345-884a-1eef3f101bed=
@verizon.net" rel=3D"nofollow" target=3D"_blank">9585df76-3e25-3345-884a-1e=
[email-masked]</a>&gt;<br></div><div dir=3D"ltr">Content-Type: text=
/plain; charset=3DUTF-8; format=3Dflowed<br></div><div dir=3D"ltr"><br></di=
v><div dir=3D"ltr">...was just watching a TV racing program (at Road Atlant=
a no less where <br></div><div dir=3D"ltr">I've personally done laps)? ..bu=
nch of Porsche classes ...9 hr endurance <br></div><div dir=3D"ltr">race..<=
br></div><div dir=3D"ltr">The entire race team was Hagerty! Bunch of youtub=
e style 'sponsor' <br></div><div dir=3D"ltr">messages sprinkled all through=
 it, done by the Hagerty drivers.<br></div><div dir=3D"ltr"><br></div><div =
dir=3D"ltr">Saw the new CEO talking about various aspects of racing, costs =
and what <br></div><div dir=3D"ltr">he wanted the company to support in the=
 way of getting more talent <br></div><div dir=3D"ltr">behind the wheel in =
various race organizations.? So yep...could see up <br></div><div dir=3D"lt=
r">front, company monies now headed towards race team support.<br></div><di=
v dir=3D"ltr"><br></div><div dir=3D"ltr">I'd been considering Hagerty for a=
while for my stable.? Decision was <br></div><div dir=3D"ltr">made for me a=
fter watching that show and listening to the CEO. One less <br></div><div d=
ir=3D"ltr">ins. company to ever consider here.? :-(<br></div><div dir=3D"lt=
r"><br></div><div dir=3D"ltr">ptegler<br></div><div dir=3D"ltr"><br></div><=
div dir=3D"ltr">On 12/3/2021 10:48 PM, William Smith wrote:<br></div><div d=
ir=3D"ltr">&gt; As a retired public company finance guy, I agree that growt=
h is <br></div><div dir=3D"ltr">&gt; important to the public shareholders.?=
 However equally,? if not more <br></div><div dir=3D"ltr">&gt; important, i=
s net income and? earnings per share as they relate to <br></div><div dir=
=3D"ltr">&gt; market value per share and dividends. Here is where the polic=
y holders <br></div><div dir=3D"ltr">&gt; are at risk. One of the many fact=
ors contributing to net income &amp; <br></div><div dir=3D"ltr">&gt; earnin=
gs/share is cost. Another is pricing.<br></div><div dir=3D"ltr">&gt;<br></d=
iv><div dir=3D"ltr">&gt; A major cost for insurance companies is claims cos=
t.? So, what can an <br></div><div dir=3D"ltr">&gt; insurance company do to=
 reduce claims cost? ....... minimize claim <br></div><div dir=3D"ltr">&gt;=
 payments!? One of the ways it can do that is to tighten it's <br></div><di=
v dir=3D"ltr">&gt; underwriting requirements; ie., making it tougher to get=
 insurance in <br></div><div dir=3D"ltr">&gt; the first place. Another, whi=
ch may be more important to us policy <br></div><div dir=3D"ltr">&gt; holde=
rs, is to be more strict in paying claims; e.g., more challenging <br></div=
><div dir=3D"ltr">&gt; of claim amounts, or even outright denials. (How man=
y of us have had <br></div><div dir=3D"ltr">&gt; difficulties from time-to-=
time getting our health insurance claims paid?)<br></div><div dir=3D"ltr">&=
gt;<br></div><div dir=3D"ltr">&gt; As to pricing, of course they can increa=
se premiums. However, absent <br></div><div dir=3D"ltr">&gt; price fixing c=
ollusion with other carriers, there is some competitive <br></div><div dir=
=3D"ltr">&gt; pressure to limit that.<br></div><div dir=3D"ltr">&gt;<br></d=
iv><div dir=3D"ltr">&gt; Summing up, for the time being,? I'll give them th=
e benefit of the <br></div><div dir=3D"ltr">&gt; doubt ...... but we'll hav=
e to watch our renewal premiums and claim <br></div><div dir=3D"ltr">&gt; e=
xperiences, and hope for the best.<br></div><div dir=3D"ltr">&gt;<br></div>=
<div dir=3D"ltr">&gt; ** <a href=3D"mailto:[email-masked]" rel=3D"=
nofollow" target=3D"_blank">[email-masked]</a> **<br></div><div di=
r=3D"ltr">&gt;<br></div><div dir=3D"ltr">&gt; Donate: <a href=3D"http://www=
.team.net/donate.html" rel=3D"nofollow" target=3D"_blank">http://www.team.n=
et/donate.html</a><br></div><div dir=3D"ltr">&gt; Archive: <a href=3D"http:=
//www.team.net/pipermail/triumphs " rel=3D"nofollow" target=3D"_blank">http=
://www.team.net/pipermail/triumphs </a> <a href=3D"http://www.team.net/arch=
ive" rel=3D"nofollow" target=3D"_blank">http://www.team.net/archive</a><br>=
</div><div dir=3D"ltr">&gt;<br></div><div dir=3D"ltr">&gt; Unsubscribe/Mana=
ge: <a href=3D"http://autox.team.net/mailman/options/triumphs/ptegler@veriz=
on.net" rel=3D"nofollow" target=3D"_blank">http://autox.team.net/mailman/op=
tions/triumphs/[email-masked]</a><br></div><div dir=3D"ltr"><br></div>=
<div dir=3D"ltr">-- <br></div><div dir=3D"ltr">Paul Tegler<br></div><div di=
r=3D"ltr"><a href=3D"mailto:[email-masked]" rel=3D"nofollow" target=3D=
"_blank">[email-masked]</a>&nbsp; www.teglerizer.com<br></div><div dir=
=3D"ltr"><br></div><div dir=3D"ltr"><br></div><div dir=3D"ltr"><br></div><d=
iv dir=3D"ltr">------------------------------<br></div><div dir=3D"ltr"><br=
></div><div dir=3D"ltr">Subject: Digest Footer<br></div><div dir=3D"ltr"><b=
r></div><div dir=3D"ltr">_______________________________________________<br=
></div><div dir=3D"ltr"><br></div><div dir=3D"ltr">Triumphs mailing list<br=
></div><div dir=3D"ltr"><a href=3D"mailto:[email-masked]" rel=3D"n=
ofollow" target=3D"_blank">[email-masked]</a><br></div><div dir=3D=
"ltr"><a href=3D"http://autox.team.net/mailman/listinfo/triumphs" rel=3D"no=
follow" target=3D"_blank">http://autox.team.net/mailman/listinfo/triumphs</=
a><br></div><div dir=3D"ltr"><br></div><div dir=3D"ltr"><br></div><div dir=
=3D"ltr">------------------------------<br></div><div dir=3D"ltr"><br></div=
><div dir=3D"ltr">End of Triumphs Digest, Vol 14, Issue 251<br></div><div d=
ir=3D"ltr">*****************************************<br></div></div>
            </div>
        </div></body></html>
------=_Part_4317414_698168670.1638647157694--

--===============5407638448452068416==
Content-Transfer-Encoding: 7bit
Content-Disposition: inline

** [email-masked] **

Archive: http://www.team.net/pipermail/triumphs  http://www.team.net/archive

--===============5407638448452068416==--