1. The consumer groups are going to start yelling and screaming that the insurance companies are not allowed to make profits! After all, you know, car insurance should be free.
2. Trial lawyers are going to say that we don\’t need tort reform.
1. Overall, why aren\’t insurers happy with an 5-10% net INVESTMENT gain? They should be really happy with a 21%+ net UNDERWRITING gain on top of thatr.
2. However, insurers like Allstate, State Farm, Farmers, Safeco, USAA, the TWIA, or others, should NOT go through a catastrophe affected area and promote false damage assessments/reconstruction protocols. Or during daily claims either.
3. Insurers should not use the highly distressful aftermath (that hurricane/hail storm victims face) as a means to underassess and underpay claims, and then pretend they are not doing just that.
4. Some will comment here so as to play down how consumers, their neighbors, are taken unfair advantage of psychologically and financially, while others gain financially.
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3 bad things are going to come of this news:
1. The consumer groups are going to start yelling and screaming that the insurance companies are not allowed to make profits! After all, you know, car insurance should be free.
2. Trial lawyers are going to say that we don\’t need tort reform.
3. The soft market is coming! It\’s
ba-a-ack!
7-4-2006
1. Overall, why aren\’t insurers happy with an 5-10% net INVESTMENT gain? They should be really happy with a 21%+ net UNDERWRITING gain on top of thatr.
2. However, insurers like Allstate, State Farm, Farmers, Safeco, USAA, the TWIA, or others, should NOT go through a catastrophe affected area and promote false damage assessments/reconstruction protocols. Or during daily claims either.
3. Insurers should not use the highly distressful aftermath (that hurricane/hail storm victims face) as a means to underassess and underpay claims, and then pretend they are not doing just that.
4. Some will comment here so as to play down how consumers, their neighbors, are taken unfair advantage of psychologically and financially, while others gain financially.