You don\’t have to worry. The P & C Industry has never learned from it\’s past mistakes. The industry powers will again be back to cutting prices. Since they see no value to our product, we can\’t get the proper price for the exposures. The insurance product is marketed as if it were any consumer commodity (no differentiation but the lowest price is all that matters). When will we stop shooting ourselves in the foot. No wonder the states are always trying to cut insurance rates. To people like Spitzer and the Insurance Commisioners, there is no value to the product.
Come on CEO\’s, COO\’s, etc., get back to the basics. Sound underwriting and the proper price for the exposure. The insurance industry is a for profit business, not a social welfare program.
With the name Jim you obviously have a good head on your sholders. You make sense. You speak the truth. You are right. Oh well it will never fly anyway. Business as usual.
You don\’t have to worry. The P & C Industry has never learned from it\’s past mistakes. The industry powers will again be back to cutting prices. Since they see no value to our product, we can\’t get the proper price for the exposures. The insurance product is marketed as if it were any consumer commodity (no differentiation but the lowest price is all that matters). When will we stop shooting ourselves in the foot. No wonder the states are always trying to cut insurance rates. To people like Spitzer and the Insurance Commisioners, there is no value to the product.
Come on CEO\’s, COO\’s, etc., get back to the basics. Sound underwriting and the proper price for the exposure. The insurance industry is a for profit business, not a social welfare program.
Jimbo,
With the name Jim you obviously have a good head on your sholders. You make sense. You speak the truth. You are right. Oh well it will never fly anyway. Business as usual.
Jim