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: Profit or Not?!

Posted On: January 14, 2008, 9:08 am CST
Posted By: wudchuck
Comment:
like any business whether small or not, that company is striving to make a profit and grow. they then pass either the savings back to the consumer or put it back into their pockets for later expenses. i work for a company that tries to keep a 4% profit, but when mother nature is being a blessing, that profit can definately increase. if the claims filed are less frequent, again, increase of profit. the company also uses old funds (money available but not for solvency of claims), is invested into the market allowing the company to make some more money to pay for expenses. we are so focuses in today's society we forget the businesses are supposed to bring profit. that enables companies to hire, expand, provide higher wages, etc - which in turn creates a better economy. now if you really want to look at things differently, let's take a look at a different industry.

oil: whose making money here? the oil guru's in the mideast and the big companies here stateside. we allow them to keep upping the ante of the oil and that transfers back to the gas. so we pay more at the pump and they get awfully richer. nothing stopped them. if you own a vehicle or take public transportation, you need a form of gasoline.

power: most of us can only take it from the local source. run by your local power company in-line with a contract with the local government. is there competition in this? no! why? there is no way to create a separate power into the city for each and every house - so a monopoly! oops - sounds like that is against the anti-trust law! afterall, is that we wound up doing with the telephone? now there is a way to give folks a choice there. funny, don't they all use the same phone line?

government: why is it that we all blame Bush and Chaney? i think most of you forgotten that we need to look at the local government and then the current us house of rep and senators. most of them have been in office for a long time. in our current business, it has been made that you have to retire after the age of 62 (if memory serves me correctly). yet, if you look into the congress, how many are actually older? how many of them really know the current generation? how many of them can forsee the future? so, why do they want to know about steroid use within BASEBALL? baseball is not a national security risk. it is a company of its own and is trying to regulate itself. baseball is a sport - the congress needs to look at what it can do to help our fellow americans - baseball is entertainment!

finally, remember that one bad apple does not mean that the bushel is bad. i noticed on several earlier blogs, state farm is mentioned. remember the same goes for drivers as well, if one driver is reckless, does that mean we all are? NO! same thing when it comes to companies. same goes for the US Government - it starts locally and goes up.
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

.