Liberty Mutual CEO: Competitor Still Pricing Too Low

Commercial insurance prices are still falling, and one insurance executive puts the blame on a competitor.

Pricing "borders on the irrational," as one big insurer "not allowed to spend taxpayer money on compensation" is instead "spending it on ridiculously low prices," in effect using its taxpayer bailout to cover the costs of underpricing, said Edmund F. Kelly, chief executive of mutual commercial insurer Liberty Mutual Group Inc...

WSJ: Liberty Mutual CEO: Competitor Still Pricing Too Low
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