Posted On: August 28, 2008, 2:03 pm CDT

Posted By: nobody important

Pud, my proof is the ignorance of your letters. You have no information except you claim experience, but don't show knowledge of the insurance business or business in general. You and others want to appoint yourselves the final arbiters of who makes what money, that's fine. Do insurance company executives make more than executives in other types of industries? I doubt it. Do insurance companies have higher return on investment than other industries, not even close. Are insurance companies highly regulated in every state, absolutely. No other industry has the level of approval of every cent we charge the way insurance is regulated. Have insurance departments in some states become purely political? I have experience with that at my company. Insurance departments are supposed to do more than be consumer advocates, they are supposed to make certain that insurance companies remain solvent through accurate and adequate rating. That is not true any more. It's all about what the customer wants to pay, not what the cost is to produce the product. Florida has designed a system that is bound to fail. It can't succeed. Do I hear from you about that? No, just whining about companies paying executives too much and spending money on advertising the same way so many other industries do. Your positions are so much mush. I will not comment on anything you post again. I just warn anyone who would take the time to read this whole long diatribe, Pud and others like him are not informed and do not represent intelligent comment on the subject of insurance. Bye Pud.