I admire your sense of humor combined with sarchasm.
It’s a problem insurance is getting out of control. When I see Exec’s getting the bonus’ they do then cyrying they need a rate increase I have no remorse for that.
A properous company should turn that money ,and take a reasonable chunk for their hard ,the operative word here is resonable.
You know as well as I do that the commisioner is in cahoots with the very people that are requesting the rate hikes…again these hikes are based on models projected by people that are not on the front line.They review numbers.
As for your comment on the boats etc. I was an intermediate adjuster and made middle income money and you know where I lived in the ghetto section of my town because on a middle income salary you can’t afford a fixer upper 5-600 square foot home that costs 170k then have to dump another 30k into it just to bring it up to date.
Maybe it’s the part of the country I’m in.
Nice conversing with you at least I think you can see some of my concerns.
Be well.
No fault is a major fault and the state of Fl should be allowed to choose the coverage as I’ve said before the premium I pay in another state offers me 100/300/100 coverage 100k per person with 5k med pay.I don;t have my policy in front of me but I think UIM is 50k.The same covergae in Fl would cost me $300 more on a 6 month policy so it’s no wonder Fl has No fault.
call for a rate quote? Do they ask about
PIP? No. They want to know who is the cheapest. For most raw new business that is the long and short of it. Nothing about claims satisfaction. No cares about supporting local business. Doesn’t it stand to reason that insurers will respond in kind by doing everything they can to reduce cost and attract more business? Do you know what the profit margin is for most insurers?
I am guessing, with far more competition today than ten years ago, that most insurers realize a 3 or 4 percent profit margin in a non catastrophe year. Do you know any other industries who even attempt to conduct business with such a paltry return? Just because some folks don’t like insurance doesn’t mean the insurers are doing anything wrong. Maybe the policyholders are too lazy to really research the facts. Maybe they are too cheap to pay the correct amount for their
exposure. Maybe they shouldn’t drive if they dont want to bear the societal, and by the way, legal obligations associated with operating a 4000 pound piece of heavy equipment in public. There’s a concept – if you don’t like the cost don’t drive.
It has been said of the world’s history that ‘might makes right.’ It is for us and for our times to reverse the maxim and to show that ‘right makes might.’
State Farm spokesman Justin Glover said he doesn’t believe mandatory insurance is going away. The insurance company obtained a memorandum from attorney William Hollimon, of Tallahassee, stating that a statute requiring Florida motorists be financially responsible would mandate coverage. Drivers must be able to cover $10,000 in bodily injury to one person, $20,000 in bodily injury to all occupants and $10,000 in property damage through insurance, a bond, a cash deposit or self-insurance, he said.
Joshua
Comment:
I think that these responses were written by state farm. Why doesn’t state farm and the rest of the insurance lobby own up to the fact that if no fault is gone floridians may save $250 a year in auto insurance but pay three times more for health insurance. The insurance industry is rife with their own sort of fraud, they proved that with homeowners insurance.
No you’re incorrect!
No SF employee here. We all know that if no fault goes away the cash lost will be made up somewhere else.
That’s the friggin problem with insurance companies and big business’ these days!
No more eating of some of the overhead they just tack it on to the little guys.
We have updated our privacy policy to be more clear and meet the new requirements of the GDPR. By continuing to use our site, you accept our revised Privacy Policy.
I admire your sense of humor combined with sarchasm.
It’s a problem insurance is getting out of control. When I see Exec’s getting the bonus’ they do then cyrying they need a rate increase I have no remorse for that.
A properous company should turn that money ,and take a reasonable chunk for their hard ,the operative word here is resonable.
You know as well as I do that the commisioner is in cahoots with the very people that are requesting the rate hikes…again these hikes are based on models projected by people that are not on the front line.They review numbers.
As for your comment on the boats etc. I was an intermediate adjuster and made middle income money and you know where I lived in the ghetto section of my town because on a middle income salary you can’t afford a fixer upper 5-600 square foot home that costs 170k then have to dump another 30k into it just to bring it up to date.
Maybe it’s the part of the country I’m in.
Nice conversing with you at least I think you can see some of my concerns.
Be well.
No fault is a major fault and the state of Fl should be allowed to choose the coverage as I’ve said before the premium I pay in another state offers me 100/300/100 coverage 100k per person with 5k med pay.I don;t have my policy in front of me but I think UIM is 50k.The same covergae in Fl would cost me $300 more on a 6 month policy so it’s no wonder Fl has No fault.
call for a rate quote? Do they ask about
PIP? No. They want to know who is the cheapest. For most raw new business that is the long and short of it. Nothing about claims satisfaction. No cares about supporting local business. Doesn’t it stand to reason that insurers will respond in kind by doing everything they can to reduce cost and attract more business? Do you know what the profit margin is for most insurers?
I am guessing, with far more competition today than ten years ago, that most insurers realize a 3 or 4 percent profit margin in a non catastrophe year. Do you know any other industries who even attempt to conduct business with such a paltry return? Just because some folks don’t like insurance doesn’t mean the insurers are doing anything wrong. Maybe the policyholders are too lazy to really research the facts. Maybe they are too cheap to pay the correct amount for their
exposure. Maybe they shouldn’t drive if they dont want to bear the societal, and by the way, legal obligations associated with operating a 4000 pound piece of heavy equipment in public. There’s a concept – if you don’t like the cost don’t drive.
It has been said of the world’s history that ‘might makes right.’ It is for us and for our times to reverse the maxim and to show that ‘right makes might.’
– Abraham Lincoln
State Farm spokesman Justin Glover said he doesn’t believe mandatory insurance is going away. The insurance company obtained a memorandum from attorney William Hollimon, of Tallahassee, stating that a statute requiring Florida motorists be financially responsible would mandate coverage. Drivers must be able to cover $10,000 in bodily injury to one person, $20,000 in bodily injury to all occupants and $10,000 in property damage through insurance, a bond, a cash deposit or self-insurance, he said.
Joshua
Comment:
I think that these responses were written by state farm. Why doesn’t state farm and the rest of the insurance lobby own up to the fact that if no fault is gone floridians may save $250 a year in auto insurance but pay three times more for health insurance. The insurance industry is rife with their own sort of fraud, they proved that with homeowners insurance.
No you’re incorrect!
No SF employee here. We all know that if no fault goes away the cash lost will be made up somewhere else.
That’s the friggin problem with insurance companies and big business’ these days!
No more eating of some of the overhead they just tack it on to the little guys.