Kentucky National President: Company to Focus on Growing Auto Line
And become president of the company in 2012, McMullen told Best's News Service.Roberts will continue to work with the company as a consultant.
Kentucky National provides coverage for automobile, homeowners, watercraft, renters, manufactured homes, condos, dwelling fire and excess liability through independent insurance agents.
It does business in ).
"Our focus in 2012 is going to be to grow our auto book and do a better job of stricter underwriting on the property side," McMullen said, adding that the company plans to be disciplined in its underwriting approach.
Meanwhile, Kentucky National will be working on identifying its niche in the marketplace.
"I'm a big believer that you can write a lot of different risks if you can obtain the right risk," he said. "We want to target our niche and be great at something instead of being good at a lot of things."
McMullen said the company will stay in and focus its attention on those two markets. With people in all corners of the state that work for Kentucky National, he said the company has an inherent advantage over its competitors because it has the exposure, the experience and the expertise in those two states.
Kentucky National will also continue to focus on personal lines. "We dipped our toe in the commercial lines world," he said, but over the next few years the company will concentrate on its preferred customer base with some strict underwriting.
Although insurers can't fix the weather and ensure that 2012 is free of the natural disasters that occurred in 2011, McMullen said Kentucky National will be smart about choosing agencies to do business with. "We can't control the way the wind blows, but we can make sure agencies are looking out for the company's best interest when placing risks," he said.
Aaa Auto Insurance Kentucky - News
Kentucky National provides coverage for automobile, homeowners, watercraft, renters, manufactured homes, condos, dwelling fire and excess liability through independent insurance agents. It does business in Kentucky and Tennessee , states that had a
Under his leadership as CEO, the FHLBank achieved record earnings, expanded the Mortgage Purchase Program into an important profit center, completed the SEC registration process, and grew membership with the addition of credit unions and insurance
Fannie Mae will not require mortgage servicers to determine a borrower's "reasonable ability to repay," and both government-sponsored enterprises streamlined appraisals and mortgage insurance transfers. "That said, the devil is in the details,
On August 5, 2011, Standard & Poor's ("S&P") removed the US from its list of risk-free borrowers for the first time, cutting its rating of long-term federal debt to AA+, one notch below the top grade of AAA. It described the decision as a judgment
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