loan,banking and credit
*Loan,banking and credit>>>insurance companies

Is it true that insurance companies lost their shirts in the market, then blamed high premiums on law suits?


The market crash of 1987.

Finally you asked an intelligent question.

Insurance companies will never "lose their shirts".

They are for all practical purposes licensed to steal.

Even though they lost billions after Hurricanes Ivan, Dennis and Katrina, it was only a speed bump...and the sad part is the govt gave them money so their stocks would stay strong.

Pretty sad huh?

I could go on for days about the strangle hold they have on this country but I'll spare you. hehehe!
Capitalism is fine and dandy until people lose their fortunes - THEN they want the government to bail them out. Hypocrites.

Edit - Giliathriel - Yeah, exactly..... private-owned = capitalism, government-owned = communism/socialism.

.....???
not sure if that is why, but it seems any corporation will use anything as a scapegoat that appears to be a small threat to even a penny of profit.
Oh, everyone knows they only charge high premiums because they can get away with it.

I think AutoOwners insurance is the only insurance company I know of that actually pays what the repairs will cost to something. The others just try to screw you. Personal experience--my house had to be gutted after Katrina. We got about 2,500 for wind damage, when the repairs would be at least 40,000 dollars.

Apparently, a storm surge isn't part of a hurricane.




EDIT: Frank, I believe that insurance companies are run privately, not federally.
I have no evidence of that, do you?
Frank above me said it best, there is no reason for me to repeat it.
I don't remember premiums starting to double then, triple until after Hillary health care reform of the nineties.

She reformed it alright.
Tags
online insurance term insurance blue cross insurance cheap insurance aetna insurance insurance companies insurance group insurance leads insurance rates insurance agent insurance broker
Related information
  • Is it true that insurance companies lost their shirts in the market, then blamed high premiums on law suits?
  • A car damaged by and Insurance company for me got scratched, The rental company wants me to pay the deductible
  • Would an auto insurance company have a reason to ignore the fact of having an incorrect VIN Number?
  • Will my insurance company pay for a rental car if my car is getting fixed?
  • Best Health Insurance / Mediclaim provider company/scheme?
  • I can't afford to pay an insurance company for damages. What can they do??
  • Will my insurance company pay for the damages?
  • Which insurance company offers the cheapest workers comp covers in the market??
    •    

    SiteMap--Copyright/IP Policy--Contact Webmaster--Resource of HR
    For personal non-commercial use only.