U.S. P/C Insurers' Catastrophe Losses for Q2 Double to $6 Billion; Average Claim $5K
National News • July 21, 2008
U.S. property/casualty insurers are expected to pay homeowners and businesses an estimated $6.025 billion for second quarter property losses resulting from a total of 16 catastrophes in 27 states, ...
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Subject: RE: RE: A lot of money!
Posted On: July 21, 2008, 10:02 pm CDT
Posted By: Pud
Comment:
No it's not that I hate insurance companies.I don't like being forced to carry insurance after all the insurance companies pushed for mandatory insurance and now every year they cry they are not making money.Well I submit to you that the upper management all have Corvettes and huges homes.The Corvettes seem to be a status thing with management.They all have to have one!
Anyway
I think they are a good thing for protection from the delinquents and the unpredictable.
What I don't like is how big business operates in this country.
You know a premium increase is on the horizon with an article like this.
They just had an increase last year!
I've e-mailed you enough that I know you are aware the deductibles are always going up.The main TCPC is between 1k up to 2,500.
I was personally involved in a study on this.
The average claim paid nationwide is around 3k so why the major increases.Totals have some recooperation on cost with salvages and recovered thefts,also flood cars.Homeowners and commercial are different.They are normally flood which unless an endorsement is added to the policy or fire which does for sure cost insurance companies money but the commercial policy costs a bundle.Workers compendsation is another area,disability is another.The insurance companies normally recover any monies spent when someone wins an award.
Should we have to pay for the sharks
(attorneys)fees for someone elses negligence
Oh not to mention more than 80 % of the higher paying jobs of investigation and the lik go to ex law enforcement that have already retired and have a pension from a federal positon and these good paying jobs come with a lot of company perks.
I am going to say this again I don't
have a problem with anyone making money but I do have a problem with the way big business.not just insurance companies,compensate their upper eschalon management.
I think this money could be better spent in paying the claims they have written premiums for,after all these are contracts of utmost good faith.There was a day when you had an accident and you didn't have to worry about your premiums going up as long as you weren't sued now no matter what happens insurance companies cry they don't have enough money to pay claims.Hog wash!
The average driver pays from 800 to 1200 dollars a year for auto insurance.This is per person per household in the entire U.S!
I've advised everyone on this site to go to MSN money check for insider trading and see how much the CEO's and CFO's have cashed in for stock.Keep in mind these were either bonus' or purchased at a reduced rate!
Subject: RE: RE: A lot of money!
Anyway
I think they are a good thing for protection from the delinquents and the unpredictable.
What I don't like is how big business operates in this country.
You know a premium increase is on the horizon with an article like this.
They just had an increase last year!
I've e-mailed you enough that I know you are aware the deductibles are always going up.The main TCPC is between 1k up to 2,500.
I was personally involved in a study on this.
The average claim paid nationwide is around 3k so why the major increases.Totals have some recooperation on cost with salvages and recovered thefts,also flood cars.Homeowners and commercial are different.They are normally flood which unless an endorsement is added to the policy or fire which does for sure cost insurance companies money but the commercial policy costs a bundle.Workers compendsation is another area,disability is another.The insurance companies normally recover any monies spent when someone wins an award.
Should we have to pay for the sharks
(attorneys)fees for someone elses negligence
Oh not to mention more than 80 % of the higher paying jobs of investigation and the lik go to ex law enforcement that have already retired and have a pension from a federal positon and these good paying jobs come with a lot of company perks.
I am going to say this again I don't
have a problem with anyone making money but I do have a problem with the way big business.not just insurance companies,compensate their upper eschalon management.
I think this money could be better spent in paying the claims they have written premiums for,after all these are contracts of utmost good faith.There was a day when you had an accident and you didn't have to worry about your premiums going up as long as you weren't sued now no matter what happens insurance companies cry they don't have enough money to pay claims.Hog wash!
The average driver pays from 800 to 1200 dollars a year for auto insurance.This is per person per household in the entire U.S!
I've advised everyone on this site to go to MSN money check for insider trading and see how much the CEO's and CFO's have cashed in for stock.Keep in mind these were either bonus' or purchased at a reduced rate!