Financial Reports Show Texas Insurers Profitable in 2007

March 14, 2008

  • March 17, 2008 at 2:10 am
    Mike says:
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    Why don’y these consumer advocates look into oil company profits.

  • March 17, 2008 at 3:17 am
    perplexed & perturbed says:
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    Better question is why don’t those consumer advocates put their own capital at risk and start an insurance company. Obviously they can charge much lower premiums and still stay in business…just ask them.

  • March 17, 2008 at 3:43 am
    Kent says:
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    Saying anything good about the insurance industry simply isn’t good for any consumer group or politican – regardless of the facts. I’ve made the same challenge to consumer group advocates about starting their own insurance company – their best reply was to change the subject.
    Mike, unfortunatley most oil companies share the same profit problems as insurance carriers. The majority of profits are paid as stock dividends to shareholders – the majority of which are pension funds. Pension funds hold huge blocks of stock from oil and insurance companies. Of course, it wouldn’t be good for a consumer group to say the pension funds are making too much money.

    I’m a Farmers agent. I’ve received indications that FIG may request another rate decrease this fall if they can get through another profitable spring – hail and tornado time! However, will the TDI limit their rate decrease for inland counties because they were requesting substantial rate increases for the coastal areas?



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