Home > Talkback
Midwest News

Viewing comments for:

Allstate Responds to Mich. Consumer Advocate's Call for Investigation

Midwest News • October 9, 2008
Michigan's new insurance consumer advocate wants the state to investigate Allstate Insurance Company. Melvin "Butch'' Hollowell said Tuesday the insurer reported that Michigan's drivers ...

Insurance Journal is not responsible for the content of the message below.

Subject: RE: RE: LLCJ

Posted On: October 10, 2008, 10:01 am CDT
Posted By: okt0ber
Comment:
When you sell a product that virtually everyone in our society needs/is required to have, some restraint on profit targets is needed. Greed is what is killing our economy right now. If that's not obvious to you, then you still have some lessons to learn.

Everything should be in moderation. Indulgence is a sin, lest we forget, and Allstate like to indulge by having a 15-20 profit target on their loss ratio. There is no reason to not operate at a 95% loss ratio. That's a profit. Good for them, that's wonderful. But a target of a 70% conbined ratio is indulgence.
Subject Posted By Posted On
RE: RE: RE: LLCJ nobody important
Oct 10, 2008, 11:56 am
RE: RE: LLCJ okt0ber
Oct 10, 2008, 10:01 am
RE: LLCJ LLCJ
Oct 9, 2008, 5:51 pm
LLCJ okt0ber
Oct 9, 2008, 5:29 pm
RE: Allstate greed nobody important
Oct 9, 2008, 1:35 pm
Allstate greed Jim
Oct 9, 2008, 1:22 pm
RE: Allstate Greed LLCJ
Oct 9, 2008, 12:57 pm
Allstate Greed okt0ber
Oct 9, 2008, 12:44 pm
Back to article

Post a Comment

.