There are going to be large trucks on the highway and one car accidents. Smaller cars are not as safe as big cars in an accident. It’s a trade off for better mileage. There are a lot of factors that make up rates.
WOW Jake! Now that’s a stretch of the imaginination. If anything the oposite would occur! People do not have enough money to pay their deductibles,which BTW were increased to save insurance companies paying smaller claims, so now they likely won’t put any claim in at all.
You are going to see more zebra cars. They will either get a recycled part if driveable,aftermarket and not paint it,have someone bump out any damage best they can or not get it repaired at all.
This is just another ploy to keep from reducing the monies placed in the pockets of the big boys.
The insurance companies told auto makers to make a safer car so they made the passenger compartment of HSS.Then they told them front end impacts are hurting people so you have to do something about that.The auto makers reacted by making HSS front uni-body rails that collapse and deaden impact somewhat prior to reaching the passenger copmpartment.The insurance companies then influenced the NHSA and said this is not good enough we have to have front air bags to protect the consumer in the event the HSS cage and HSS rails do not protect the passenger so the auto makers did. To nobodies surprise all of a sudden the insurance companies started seeing more severe injuries from side impacts,as well as NHSA and they told auto manufacturers you need to make HSS beams in doors and curtain air bags to protect the consumer from side impacts so they did!
Bottom line is a car that cost relatively little to make and purchase is now a Bunch of recycled Beer and soda cans and isn;t worth the a hill of beans in a impact any fatser than 2-5 miles per hour.If smaller vehicle are hit at speeds any faster than that there is major damage.I mean after all what do you expect when bumper are made of styrofoam and plastic and the re-bars could be used as a fence post.
Bottom line is corporate greed has created this monster and the same will continue unless people open their mouths and say enough is enough. No more lobbying the elected officials (you’ll notice I didn’t use our because they really do not have the consumers best interest in mind anymore)from insurance companies period!
Stop the stock option bonus’ and insurance companies will be financially sound.Simple economics!
BTW, Our statistics guy earlier in the dialog can possibly research this.I believe there was a major increase in auto premiums after all these safety features were added (to protect US in the event of an impact)why you ask because the insurance companies said that the parts that are being destroyed by these safety features are causing major damage to interior parts and they cost a lot of money to replace because we can’t use used we have to use new there is a liability and performance issue with used.
I got news for ya new fails and doesn;t work worth a crap either! All this money spent for nothing because of NHSA and the insurance industry!
Don’t bother Jake. PUD is a long time insurance company hater. We do nothing right and cheat everyone. We should all be in jail. He has no knowledge of insurance and appears to be proud of it. A real self important moron. When I was a kid, a pud was a specific part of the anatomy and you didn’t want to be called a pud. Seems to fit. Facts are made up according to him. We have no justification for our existence.
Now now Nobody.Don’t get nasty! I thought we had this retaliation understanding worked out.It’s not insurance agents I dislike,I hate almost nothing, it’s the executives pay method I am adamantly against.I dislike hearing how poor they are and how they need rate increases as a result of legislation they helped push through the house and when they are distributing bonus’ that could be directed towards policy holders claims.
(mismanagement of money and greed)
They are reaching at every angle they possibly can right now just to find ways to increase the rates of consumers because they gave themselves such fat bonus’ in the past.
In my opinion other than the CAT losses you have seen in the midwest and other areas affected by mother nature it’s been smooth sailing for insurance companies.
So again don’t get nasty I am merely stating fact that you disagree with.I believe it was you that claimed to have 25 years in the business well I do as well just another area.
I worked with sales people and agents and to be honest a lot of agents knew nothing except that if they wrote large volume books they got what they wanted because the insurance company didn’t want to loose them. Look what happened to Marsh & McClennan in Ny. Greed has no boundries and does bite your backside after a while.This is what is currently going on in the inductry now! Prove me wrong! I’ve asked you over and over for proof of your claims and nothing but slander has surfaced so zip it if you can’t do anything more than slander!
The U.S. property/casualty insurance industry reported mixed results in the first six months of 2008, according to a new Fitch report. Profitability declined due to poor investment performance and deteriorating accident-year underwriting results, which were partially offset by favorable prior years’ loss reserve development.
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While competitive factors are likely to promote further deterioration in rates, Fitch expects most insurers in its publicly traded universe to post a calendar-year underwriting profit in 2008, while accident-year results will shift closer to breakeven, assuming catastrophe activity in the second half of the year approximates historical averages.
Fitch continues to expect that insurers’ overall profits will decline in 2008 and that the industry will struggle to produce an adequate return on capital, which Fitch estimates for most insurers as a net return on average equity of between 11 percent and 12 percent.
Pud, my proof is the ignorance of your letters. You have no information except you claim experience, but don’t show knowledge of the insurance business or business in general. You and others want to appoint yourselves the final arbiters of who makes what money, that’s fine. Do insurance company executives make more than executives in other types of industries? I doubt it. Do insurance companies have higher return on investment than other industries, not even close. Are insurance companies highly regulated in every state, absolutely. No other industry has the level of approval of every cent we charge the way insurance is regulated. Have insurance departments in some states become purely political? I have experience with that at my company. Insurance departments are supposed to do more than be consumer advocates, they are supposed to make certain that insurance companies remain solvent through accurate and adequate rating. That is not true any more. It’s all about what the customer wants to pay, not what the cost is to produce the product. Florida has designed a system that is bound to fail. It can’t succeed. Do I hear from you about that? No, just whining about companies paying executives too much and spending money on advertising the same way so many other industries do. Your positions are so much mush. I will not comment on anything you post again. I just warn anyone who would take the time to read this whole long diatribe, Pud and others like him are not informed and do not represent intelligent comment on the subject of insurance. Bye Pud.
offer a forum to discuss. I am no expert never claimed to be. You are the one telling me I don;t have a clue and that my name resembles you you know what so c’mon this site is for dialog and your getting all ticked off at me for no reason!
I hope that the IRC takes a close look at the age relationship. I’ll bet a large percentage of youthful drivers are behind the wheel of light-weight vehicles.
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There are going to be large trucks on the highway and one car accidents. Smaller cars are not as safe as big cars in an accident. It’s a trade off for better mileage. There are a lot of factors that make up rates.
WOW Jake! Now that’s a stretch of the imaginination. If anything the oposite would occur! People do not have enough money to pay their deductibles,which BTW were increased to save insurance companies paying smaller claims, so now they likely won’t put any claim in at all.
You are going to see more zebra cars. They will either get a recycled part if driveable,aftermarket and not paint it,have someone bump out any damage best they can or not get it repaired at all.
This is just another ploy to keep from reducing the monies placed in the pockets of the big boys.
The insurance companies told auto makers to make a safer car so they made the passenger compartment of HSS.Then they told them front end impacts are hurting people so you have to do something about that.The auto makers reacted by making HSS front uni-body rails that collapse and deaden impact somewhat prior to reaching the passenger copmpartment.The insurance companies then influenced the NHSA and said this is not good enough we have to have front air bags to protect the consumer in the event the HSS cage and HSS rails do not protect the passenger so the auto makers did. To nobodies surprise all of a sudden the insurance companies started seeing more severe injuries from side impacts,as well as NHSA and they told auto manufacturers you need to make HSS beams in doors and curtain air bags to protect the consumer from side impacts so they did!
Bottom line is a car that cost relatively little to make and purchase is now a Bunch of recycled Beer and soda cans and isn;t worth the a hill of beans in a impact any fatser than 2-5 miles per hour.If smaller vehicle are hit at speeds any faster than that there is major damage.I mean after all what do you expect when bumper are made of styrofoam and plastic and the re-bars could be used as a fence post.
Bottom line is corporate greed has created this monster and the same will continue unless people open their mouths and say enough is enough. No more lobbying the elected officials (you’ll notice I didn’t use our because they really do not have the consumers best interest in mind anymore)from insurance companies period!
Stop the stock option bonus’ and insurance companies will be financially sound.Simple economics!
BTW, Our statistics guy earlier in the dialog can possibly research this.I believe there was a major increase in auto premiums after all these safety features were added (to protect US in the event of an impact)why you ask because the insurance companies said that the parts that are being destroyed by these safety features are causing major damage to interior parts and they cost a lot of money to replace because we can’t use used we have to use new there is a liability and performance issue with used.
I got news for ya new fails and doesn;t work worth a crap either! All this money spent for nothing because of NHSA and the insurance industry!
Don’t bother Jake. PUD is a long time insurance company hater. We do nothing right and cheat everyone. We should all be in jail. He has no knowledge of insurance and appears to be proud of it. A real self important moron. When I was a kid, a pud was a specific part of the anatomy and you didn’t want to be called a pud. Seems to fit. Facts are made up according to him. We have no justification for our existence.
Now now Nobody.Don’t get nasty! I thought we had this retaliation understanding worked out.It’s not insurance agents I dislike,I hate almost nothing, it’s the executives pay method I am adamantly against.I dislike hearing how poor they are and how they need rate increases as a result of legislation they helped push through the house and when they are distributing bonus’ that could be directed towards policy holders claims.
(mismanagement of money and greed)
They are reaching at every angle they possibly can right now just to find ways to increase the rates of consumers because they gave themselves such fat bonus’ in the past.
In my opinion other than the CAT losses you have seen in the midwest and other areas affected by mother nature it’s been smooth sailing for insurance companies.
So again don’t get nasty I am merely stating fact that you disagree with.I believe it was you that claimed to have 25 years in the business well I do as well just another area.
I worked with sales people and agents and to be honest a lot of agents knew nothing except that if they wrote large volume books they got what they wanted because the insurance company didn’t want to loose them. Look what happened to Marsh & McClennan in Ny. Greed has no boundries and does bite your backside after a while.This is what is currently going on in the inductry now! Prove me wrong! I’ve asked you over and over for proof of your claims and nothing but slander has surfaced so zip it if you can’t do anything more than slander!
Read todays headlines:
The U.S. property/casualty insurance industry reported mixed results in the first six months of 2008, according to a new Fitch report. Profitability declined due to poor investment performance and deteriorating accident-year underwriting results, which were partially offset by favorable prior years’ loss reserve development.
Advertisement
While competitive factors are likely to promote further deterioration in rates, Fitch expects most insurers in its publicly traded universe to post a calendar-year underwriting profit in 2008, while accident-year results will shift closer to breakeven, assuming catastrophe activity in the second half of the year approximates historical averages.
Fitch continues to expect that insurers’ overall profits will decline in 2008 and that the industry will struggle to produce an adequate return on capital, which Fitch estimates for most insurers as a net return on average equity of between 11 percent and 12 percent.
Pud, my proof is the ignorance of your letters. You have no information except you claim experience, but don’t show knowledge of the insurance business or business in general. You and others want to appoint yourselves the final arbiters of who makes what money, that’s fine. Do insurance company executives make more than executives in other types of industries? I doubt it. Do insurance companies have higher return on investment than other industries, not even close. Are insurance companies highly regulated in every state, absolutely. No other industry has the level of approval of every cent we charge the way insurance is regulated. Have insurance departments in some states become purely political? I have experience with that at my company. Insurance departments are supposed to do more than be consumer advocates, they are supposed to make certain that insurance companies remain solvent through accurate and adequate rating. That is not true any more. It’s all about what the customer wants to pay, not what the cost is to produce the product. Florida has designed a system that is bound to fail. It can’t succeed. Do I hear from you about that? No, just whining about companies paying executives too much and spending money on advertising the same way so many other industries do. Your positions are so much mush. I will not comment on anything you post again. I just warn anyone who would take the time to read this whole long diatribe, Pud and others like him are not informed and do not represent intelligent comment on the subject of insurance. Bye Pud.
offer a forum to discuss. I am no expert never claimed to be. You are the one telling me I don;t have a clue and that my name resembles you you know what so c’mon this site is for dialog and your getting all ticked off at me for no reason!
In English, “Pud” is just a slang term for the male genitalia but, did you know, in Punjabi “pud” means “fart”?
Fascinating…
I hope that the IRC takes a close look at the age relationship. I’ll bet a large percentage of youthful drivers are behind the wheel of light-weight vehicles.