Insurers Defend Profits; Deny They Overcharge, Under-deliver on Home, Auto Policies

January 11, 2008

  • January 15, 2008 at 1:32 am
    Nebraskan says:
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    I agree that people need to shop for new coverage if they feel they are paying too much…i have done it a couple of times in the past 3.5 years and have seen my rates go down considerably. The first time I shopped, I switched insurance companies….The second time it was a matter of staying with the company but finding an agent who was willing to look into getting me better rates and he did so I left the agent who practically hung up on me everytime I called her to ask her why my rate was so high…guess she should have worked a little harder!

  • January 15, 2008 at 2:39 am
    Dawn says:
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    IF the profits went to hiring better people and new technology, I could understand a bit of an increase. But when I read about a CEO bragging that he and a few other ‘key’ personnel are taking home multi million dollar bonuses while wages within the company are stagnated, where should I ‘understand’ me paying their ridiculous bonuses?

    I’m in Fla- no shopping for coverage here. Nationwide parent company is one of those companies that does the most bragging about profits while pushing up rates 325% – because of losses. Well, lose the billion dollars that 5 or 6 of the directors took home and the rates would correct themselves.

    The one thing that keeps coming up is that our gov’t is now a purely for profit agency for the people that we have put there. Capitilism has replaced Patriotism in our dictionary- and if anyone thinks that will correct itself must be hanging out with Rosie these days.

    We need a gov’t that understands that our priority should be here. Not converting the free world to Christianity or feeding every nation that can’t seem to figure out how to use birth control. Or handing out money and services to anybody that manages to find their way over our borders. We can’t feed, provide medical care, or sufficient employment to millions of people who are Americans. We are no longer capable of being the worldwide police department.

    There. I’m off my soapbox now.

  • January 15, 2008 at 3:34 am
    wudchuck says:
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    i think u need to rethink that thought dawn. patriotism did not build the economy. patriotism is for standing with our military whom protect our rights as citizens of our country. our beliefs to be a free american with the bill of rights and the constitution to give us civil liberties. capitalism is for business whom prosper because we earn money and then spend it whether for needed items or splendor. patriotism was shown when 9/11 happened, dec 7 – pearl harbor and many more days like that show we stand together as a whole. this act does not translate into business. if you had a business you would want profit as well. you would want folks coming to your place purchasing items. but if you let your competitor to make more money and give that to its management folks instead of the actual worker, then you have not made it a competative market. you did not choose, you let it choose you. so don’t come saying you could not make a choice when you can. remember, that if the place you live is making harder to live because of the cost of living, then move to another or search for a better service provider. just remember, it was not the goverment who chose your first insurance company.

  • January 15, 2008 at 3:47 am
    Dawn says:
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    Our entire gov’t body will put profit about American any day of the week. Patriotism was after 9/11 for the people who stood together and cried for vengeance and justice against those that killed innocent victims. Capitialism has taken over that cry. We stood as a nation for freedom in 2001. Now we stand under those that stand for the $$$$$. The private profit has corrupted everything. As long as those in power have a dollar to gain, nothing will change. Be it oil, private armies, insurance, drugs, health care, any industry that our elected officials have monatary gain from.
    If we stood for our army, Blackwater wouldn’t be making 4 times as much and have all the best equipment. Our soldiers should have the money, equipment, and support that our tax dollars are giving Blackwater. Capitalism. Plain and simple. War is profit. Sickness is profit. Oil prices are profit – not just for the Mid East.

    THAT makes me sick.

  • January 15, 2008 at 3:51 am
    FREDDIE FREEMARKET says:
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    YES, DAWN, I AGREE THAT SOME COMPANIES REWARD THEIR CEO’S TO MUCH! BUT THOSE WORKERS HAVE THE FREEDOM TO WORK ELSEWHERE, AND THOSE CUSTOMERS CAN SHOP THEIR BUSINESS ELSEWHERE. UNFORTUNATELY IN FLORIDA YOUR STATE IS NOT FRIENDLY TO INSURANCE COMPANIES SO I UNDERSTAND SOME NO LONGER ARE SELLING INSURANCE IN YOUR STATE, WHICH LIMITS YOUR CHOICES. MAYBE YOU SHOULD VOTE FOR PEOPLE WHO LET FREE ENTERPRISE DETERMINE PRICES!

  • January 15, 2008 at 3:57 am
    Scott says:
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    You sure are sick.



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