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Weather Claims Hurt Progressive Insurance 2d Quarter
National News • July 10, 2008
Auto insurer Progressive Corp. reported Thursday a drop in second-quarter net income as it absorbed higher claims from natural catastrophes and wrote off $40.8 million in ...
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| Subject | Posted By | Posted On |
|---|---|---|
| RE: RE: RE: RE: Get ready | Compman | Jul 11, 2008, 1:02 pm |
| RE: RE: RE: Get ready | Anon | Jul 11, 2008, 10:26 am |
| RE: RE: Get ready | Mr. Solvent | Jul 11, 2008, 9:18 am |
| RE: Get ready | Nobody Important | Jul 11, 2008, 7:29 am |
| Get ready | pud | Jul 10, 2008, 4:09 pm |
| Back to article | ||
Subject: RE: RE: RE: Get ready
Why would rates increasing cause an agent to salivate? Even if you know nothing about the insurance industry, rates increasing does not help an agent. Even if they manage to eek a couple cents more out of every policy (depending on how their commissions are calculated) they also have to pay their own insurance, the increase the customers feel is also felt by them.
At least if you said the big companies would be making more money I would just say you were another anti-big business communist who does not understand expense ratios. But your statement makes so little sense the only thing I can assume is you have NO IDEA of either the insurance industry or economics in general.