National News

Viewing comments for:

Insurers Defend Profits; Deny They Overcharge, Under-deliver on Home, Auto Policies

National News • January 11, 2008
A national consumer organization has charged that property/casualty insurers are unfairly overcharging for home and auto insurance at the same time they are reducing payments to ...

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

Subject: Perspective

Posted On: January 11, 2008, 1:16 pm CST
Posted By: media mogul
Comment:
It is normal for companies to use accumulated capital in a monopolistic way. It is normal for them to spend some of it legitmately and illegitmately (and of course via lobbying, a unique mixture of the two) to distort market forces in their favor and to resist complementary efforts by regulators to distort the market.

Markets, especially the big-capital distorted markets of the US, create chaos at home and worldwide as well as fomenting hyper-stimulated technological change, the necessity for two earner families, globalization and objectifcation of labor, resource exhaustion, pollution and often but not always efficient distribution of goods. They are probably a good thing compared to the creeping Stalinism of state-directed economies such as those that failed in Eastern Europe and even those that are succeeding in Asia, especially in China, but time will tell.

As Rosie points out, the current regime, which has hijacked our government and military to serve the interests of the oil industry (including the Saudi royal family and other Middle Eastern dictators with Chavez and the mullahs in Iraq getting an unexpected boost and free-ride), has let the deregulation thing go to an extreme. Chaos (and wars of choice) have been the result. Hence the complaints by other commenters about other types of service providers. The actions of the current regime are the flip-side of deregulation--control of the government by commercial enterprises. The Latin Americans, in a nice irony, refer to such behavior as "Neo-Liberalism" although it has been the liberal-haters and -baitersin the US that have pulled off this cute switch to a govenment that neither represents nor serves its own people.

The pendulum will be swinging back in the near future, no matter how much fulminating there is by ardent and learned MBAs, Walmart supporters, and Wall Street/banking elitists. "As ye sow, so shall ye reap"--to put it in terms of that book all these crooks have been hiding behind since 1994.

Anyway, remember the important take-away that these people want you to believe in is "that war is good business. Invest your child or spouse." And have a nice weekend knowing the end (of the regime) is indeed and solely and entirely on constitutional grounds, near. One year, two weeks, one day---just like in Donnie Darko, except we can't go back and change everything so this nightmare never happened.
Subject Posted By Posted On
RE: RE: patriotism vs capitalism Scott
Jan 15, 2008, 2:57 pm
RE: patriotism vs capitalism FREDDIE FREEMARKET
Jan 15, 2008, 2:51 pm
RE: patriotism vs capitalism Dawn
Jan 15, 2008, 2:47 pm
patriotism vs capitalism wudchuck
Jan 15, 2008, 2:34 pm
RE: DWT is right Dawn
Jan 15, 2008, 1:39 pm
RE: Shop once in a while Nebraskan
Jan 15, 2008, 12:32 pm
DWT is right bubba
Jan 15, 2008, 12:16 pm
RE: RE: RE: RE: Shop once in a while ortho w begone
Jan 15, 2008, 10:36 am
RE: RE: RE: Shop once in a while wudchuck
Jan 15, 2008, 9:31 am
Can we all go back to making Rosie ill? Chad Balaamaba
Jan 15, 2008, 8:52 am
RE: RE: Shop once in a while ortho w. begone
Jan 15, 2008, 8:50 am
RE: Shop once in a while wudchuck
Jan 15, 2008, 7:52 am
Shop once in a while Brian
Jan 14, 2008, 10:41 pm
RE: RE: Overcharging lastbat
Jan 14, 2008, 4:02 pm
RE: Overcharging wudchuck
Jan 14, 2008, 2:25 pm
Overcharging Jayjay
Jan 14, 2008, 1:58 pm
RE: List Your Company-can we have facts? Chad Balaamaba
Jan 14, 2008, 12:57 pm
RE: This Makes Me Ill sammy
Jan 14, 2008, 12:09 pm
RE: Profit or Not?! FREDDIE FORPROFIT
Jan 14, 2008, 11:07 am
Profit or Not?! wudchuck
Jan 14, 2008, 9:08 am
CFA & Robert Hunter Rick
Jan 12, 2008, 1:03 pm
RE: RE: RE: RE: RE: Overcharging
Jan 12, 2008, 11:29 am
RE: RE: Overcharging
Jan 12, 2008, 11:27 am
RE: Overcharging Carol
Jan 12, 2008, 11:08 am
RE: RE: RE: RE: Overcharging Nobody Important
Jan 11, 2008, 7:16 pm
RE: RE: RE: Overcharging
Jan 11, 2008, 6:46 pm
RE: RE: Overcharging They're not in it
Jan 11, 2008, 6:41 pm
RE: Overcharging $3000. This is about a $50K
Jan 11, 2008, 6:39 pm
introducing his bill WHAT HAPPEN TO THIS?
Jan 11, 2008, 6:35 pm
RE: List Your Company
Jan 11, 2008, 4:43 pm
List Your Company
Jan 11, 2008, 4:40 pm
CFA Bang
Jan 11, 2008, 4:38 pm
RE: RE: Either/or thinking and Hunter as comissioner You Go, Rosie
Jan 11, 2008, 4:09 pm
comissioner
Jan 11, 2008, 3:41 pm
RE: Either/or thinking and Hunter as comissioner Nobody Important
Jan 11, 2008, 3:32 pm
Overcharging Glo
Jan 11, 2008, 3:24 pm
RE: This Makes Me Ill DWT
Jan 11, 2008, 2:55 pm
RE: Either/or thinking and Hunter as comissioner Scott
Jan 11, 2008, 2:22 pm
RE: Excessive profits I am the Law!
Jan 11, 2008, 2:20 pm
RE: Anything that makes Rosie ill WORKS FOR ME MOONBATS GO HOME
Jan 11, 2008, 2:17 pm
Either/or thinking and Hunter as comissioner media mogul
Jan 11, 2008, 2:16 pm
Priceless Ins Owl
Jan 11, 2008, 2:15 pm
Anything that makes Rosie ill chad balaamaba
Jan 11, 2008, 1:48 pm
RE: Robert Hunter: Get a Real Job MOONBATS GO HOME
Jan 11, 2008, 1:45 pm
RE: CFA Study Hunter was a commish
Jan 11, 2008, 1:35 pm
The Carville and Begala Show Scottsdale Slim
Jan 11, 2008, 1:28 pm
RE: Perspective Masonman
Jan 11, 2008, 1:27 pm
RE: Perspective Scott
Jan 11, 2008, 1:24 pm
Perspective media mogul
Jan 11, 2008, 1:16 pm
Go Rosie! Rosie is right
Jan 11, 2008, 1:07 pm
RE: Overcharging ORVILLE OVERCHARGE
Jan 11, 2008, 1:00 pm
RE: CFA study Patriot
Jan 11, 2008, 12:56 pm
CFA "Study" Richard Geiger
Jan 11, 2008, 12:53 pm
Overcharging Chuck
Jan 11, 2008, 12:48 pm
This Makes Me Ill Rosie
Jan 11, 2008, 12:44 pm
Overcharging Scott
Jan 11, 2008, 12:39 pm
Back to article

Post a Comment

.