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.
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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