Damn those insurance companies. They are trying to make a profit again. They must be stopped!! Since when are profits allowed in this country? All companies that are profitable should be put out of business immediately!! Sounds stupid huh! You tree huggers that think profits are bad are complete morons. They are what keeps this country growing and improving the standard of living here.
No one would argue that profits are what makes for a free enterprise system. My concern is how were those profits derived, and yes in many cases at our expense. Running out of the multiple line business is gtreat for their bottom-line, however, I see a homeowner battle royale stirring up. Terminating the higher priced experience employees will also improve thier bottom-line. Business is for today, because tommorrow is someone else\’s problem because the CEO\’s always get a bonus when they leave………
Don\’t forget, the good hands folks cut about 75% of their middle and upper management folks countrywide–that probably increased the profits a bit… at least until the wrongful termination lawsuits start flying…..
They also dumped their monolines – non-renewing homoweners who had no auto – i.e. inner-city, minority homeowners. Wait till THOSE lawsuits come home to roost.
Good for Allstate, however, the problem is they just made 5 billion. Say in 07 they are subjected to a hurricane in FL that costs them 1 billion, they will cry they need to increase rates YET again. When in reality their GAMBLE didnt pay off that year so they make 20% less.. or at least thats the way it should be. Insurance companies want NO risk anymore, they want to price things so they can absorb a CAT and STILL make normal profits and when NO CAT comes that year they end up with RECORD profits like in 2006.
I am all for profit…. just seems like the insurance companies arnt in the the risk business anymore.
If you think your company is doing what the last entry said then you have an obligation to get quotes elsewhere. With around 1,000 insurance companies selling pc business in the US, Allstate could not afford to do what you indicate they do. They would be priced out of the market and would lose most of their clients to the competition.
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If you are going to make fun of her at least spell it like she does. By the way, what is a homowener? Is that some kind of gay homeowner?
Damn those insurance companies. They are trying to make a profit again. They must be stopped!! Since when are profits allowed in this country? All companies that are profitable should be put out of business immediately!! Sounds stupid huh! You tree huggers that think profits are bad are complete morons. They are what keeps this country growing and improving the standard of living here.
No one would argue that profits are what makes for a free enterprise system. My concern is how were those profits derived, and yes in many cases at our expense. Running out of the multiple line business is gtreat for their bottom-line, however, I see a homeowner battle royale stirring up. Terminating the higher priced experience employees will also improve thier bottom-line. Business is for today, because tommorrow is someone else\’s problem because the CEO\’s always get a bonus when they leave………
Don\’t forget, the good hands folks cut about 75% of their middle and upper management folks countrywide–that probably increased the profits a bit… at least until the wrongful termination lawsuits start flying…..
They also dumped their monolines – non-renewing homoweners who had no auto – i.e. inner-city, minority homeowners. Wait till THOSE lawsuits come home to roost.
did you really write \’homowieners\’?
Good for Allstate, however, the problem is they just made 5 billion. Say in 07 they are subjected to a hurricane in FL that costs them 1 billion, they will cry they need to increase rates YET again. When in reality their GAMBLE didnt pay off that year so they make 20% less.. or at least thats the way it should be. Insurance companies want NO risk anymore, they want to price things so they can absorb a CAT and STILL make normal profits and when NO CAT comes that year they end up with RECORD profits like in 2006.
I am all for profit…. just seems like the insurance companies arnt in the the risk business anymore.
If you think your company is doing what the last entry said then you have an obligation to get quotes elsewhere. With around 1,000 insurance companies selling pc business in the US, Allstate could not afford to do what you indicate they do. They would be priced out of the market and would lose most of their clients to the competition.