CBL: a blundering bewildering mess of bad decisions
Opinion: Poor judgment by the insurer's board as well as its regulators has left shareholders staring into an abyss of losses.
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It’s hard to overestimate the scale of the unfolding crisis at CBL Corporation. It’s a debacle, a downfall, a cluster of literal cacafuego.
The final reckoning may take some time to emerge but shareholders must brace themselves for a most unpleasant prognosis.
This, remember, is an insurance
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CBL: a blundering bewildering mess of bad decisions
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