Katrina at Two Years: $40.6 Billion Paid on 1.7 Million Insurance Claims
National News • August 7, 2007
Two years later, the "overwhelming majority of claims" in Gulf Coast states from Hurricane Katrina have been settled in what has been the single largest loss — $40.6 billion — in the history of ...
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Subject: RE: RE: [To Nobody important][Appraiserjoe]
Posted On: August 8, 2007, 11:18 pm CDT
Posted By: chrome
Comment:
You know Joe, It's people like you and I that are in close contact with the consumer when they have the terrible experience of suffering a loss. This is the time when the shortages in coverage and the denials of things that are not relative have to be conveyed to the consumer and we take the punches.
Then you read how much profit a company makes and it angers some of us to no end.
I'll give you an example: I know a single male that has clean driving record excellent credit and a great job but because he is single he pays double the amount on auto premiums than if he had married.This makes no sense at all nor does the credit rating.
The lobbyist for insurance companies have our politicians in eating from their hands because of campaign contributions and the like. This is B.S.The politicians are elected by their constituants not the large corporations and they should nbe looking out for the consumer but they have become so corrupt with money the oposite occurs. I know state legislators and they have told me time and time again about the same old same old.
I have no preference towards ANY insurance company and if you read some of my earlier posts and dialog that has gone on over this topic you will certainly realize that.
I think the entire system needs revamping everyone in insurance works their tales off to do their jobs and perform on as professional a level as possible all the while the the top level execs have their chronies making and tailoring words and phrases that the average public doesn't understand. This is what causes people to choose the lowest rates and lack of coverage.
Some agencies,not all, are to blame but on the other hand some insurance companies charge outrageous premiums for reasons that only they can comprehend.
I can tell you have first hand knowledge in the southern quadrant of the country and YOU know best what issues are at hand in those areas.
Again Best wishes to you and I applaud the dialog we've had on this particular subject.It has given me some insight as to how agnets think which I have never ecperienced before and it DOES leave a fowl odor in the air AGAIN this is not all agents.
I'll say this again everyone needs to make a living and some are more fortunate than other and some have worked harder than others but don't blame that on the little guy.
With the exec bonus' I've seen I think it's an injustice to the people of this country and me being one person can't do anything about it but try and get people to see the side of the industry I've experienced.
Thanks to all for your input!
Subject: RE: RE: [To Nobody important][Appraiserjoe]
Then you read how much profit a company makes and it angers some of us to no end.
I'll give you an example: I know a single male that has clean driving record excellent credit and a great job but because he is single he pays double the amount on auto premiums than if he had married.This makes no sense at all nor does the credit rating.
The lobbyist for insurance companies have our politicians in eating from their hands because of campaign contributions and the like. This is B.S.The politicians are elected by their constituants not the large corporations and they should nbe looking out for the consumer but they have become so corrupt with money the oposite occurs. I know state legislators and they have told me time and time again about the same old same old.
I have no preference towards ANY insurance company and if you read some of my earlier posts and dialog that has gone on over this topic you will certainly realize that.
I think the entire system needs revamping everyone in insurance works their tales off to do their jobs and perform on as professional a level as possible all the while the the top level execs have their chronies making and tailoring words and phrases that the average public doesn't understand. This is what causes people to choose the lowest rates and lack of coverage.
Some agencies,not all, are to blame but on the other hand some insurance companies charge outrageous premiums for reasons that only they can comprehend.
I can tell you have first hand knowledge in the southern quadrant of the country and YOU know best what issues are at hand in those areas.
Again Best wishes to you and I applaud the dialog we've had on this particular subject.It has given me some insight as to how agnets think which I have never ecperienced before and it DOES leave a fowl odor in the air AGAIN this is not all agents.
I'll say this again everyone needs to make a living and some are more fortunate than other and some have worked harder than others but don't blame that on the little guy.
With the exec bonus' I've seen I think it's an injustice to the people of this country and me being one person can't do anything about it but try and get people to see the side of the industry I've experienced.
Thanks to all for your input!