I understand. Everyone is being sqeezed.You have enlightened me to some issues but again you being an underwriter is a cut throat business.I didn;t realize that until you just said it.You guys are constantly under the gun as well.Incentives given by large companies have to be met otherwise they will go elsewhere.
I can’t understand why they are asking for such a large increase.i know that the economy has gone south but who’s to blame for that? Our politicians,businesss executives sending jobs overseas and realtors and banks.
Couple this with the increase in fuel and it’s a recipe for disaster.Fl is certainly unique in the way they do insurance business.You have bare bones coverage at a high premium.Citizens is a joke!I would probably go without H.O before I paid that kind of money because I could use the capital of my property to rebuild and save the premium I pay on my home.I don;t have much of a home because of the mishap I mentioned but it amazes me how a company can come in and set a value on my home when market is clearly higher.If I suffer a total loss I would get half of what my home could sell for right now in this market.
This just fried my jewels because as I said I see these large payments made to execs and then they cry they need to increase premiums.
I know in the insurance world 6 million isn;t a lot but that could and would cover quite a few losses and what makes these people entitled to these awards?
I think that government as a whole is looking closely at the way executives of all corprations are compensated now.I hope they intervene because it will be this countries demise.
No large corporations in this country pay federal income tax and there sister companies abroad are exempt from the sameWhat is wrong with that picture.
I really hope that the issue stays on the forefront of the political agenda because this country will become a third world country unless they address it now.
British and Canadians are buying up American realestate and companies like it’s going out of style.This is not good!
I priced my H.O.through them and was shocked at the price they gave me.If I hadn’t had a mishap in my life that has taken away my life blood I wouldn;t be so bitter but try living on 20k a year when you made more than double that.
Again have a good one. Excellent dialog!
Well Nobody Important I guess I struck a nerve.If yOU DO infact work in H.O.of a company then it’s obvious you have loss site of the outside world and have been programmed to think at the level the company wants you to!
I haven’t been insulting to you directly nor do I plan on it I am merely commenting on your inadequacies of the real black and white.I agree that they show no profit but this is because the data is being manipulated the reason it’s being manipulated is so that people in your or higher level,excuse me,can make large sums of money!
I am not against that but the amounts of money they make is ludicrous and comes out of the bottom line as stock options.If a CEO?CFO dumps all his stock tto take a leap and fly away then all of sudden panic sets in and the share holders follow suit.This is classically what you are seeing now.Maybe not with all companies but definitely with some.Look at the stocks and prove me wrong!This isn’t all because of losses.
The other thing is that most companies are insured by reinsurers so IF they get their butts in trouble they can turn around and look to Lloyds or a company like that.Then you have them turning to the federal government for things they should also be covering.
So YOU may need some more schooling on this subject.Don’t insult me.I’ve provided proof on this forum and all you’ve done is said the companies are enttitled to an increase the companies are entitled to an increase.You sound like a broken record.
The expense ratios data can also be manipulated.Um the word Budget comes to mind again if you are not managing properlt YOU WILL loose money but I don;t want you to tell me you are loosing money and I see the financial officers and exec’s taking 6 million dollar bonus’ in a years time!That to me is not a company that needs to raise rates.It’s a company that needs to reorganize there priorities.The consumer is smarter than they have ever been with insurance companies and why do you think this is? They are sick and tired of paying and paying!
Pud, you have no facts, you have no logic. You say you are knowledgeable in the industry, but show no knowledge. It’s not an insult to say that your posts are nonsense. You say you don’t insult me, but then because I am with an evil insurance company you say I can’t know the real world. I think after over 30 years of work in my chosen industry I have a pretty good knowledge of the impact of insurance and the world in general. I work for a company that has tried honestly to work with the OIS and gets nothing back. The OIS is not dealing with the real world. It’s just making up it’s own world where the catastophe losses won’t occur. The State of Florida is counting on the feds to bail them out when the big one comes. You and I disagree on this and I find your viewpoints and posts to show a low level of actual knowledge of the purpose and function of insurance. I have said this before, I’m sorry the people of Florida are being so poorly served by the politicians. It’s what they voted for.
They should sever their ties to the national parent, voluntarily turn in their certificate of authority, and leave Florida. They can keep writing auto insurance, which is very profitable, under State Farm Mutual or State Farm Fire companies and tell the FLOIR to kiss off. If they cannot get rates they want they could be technically insolvent, not unlike Citizens, which means the FIGA has to pay if claims exceed assets. Citizens is okay PAST losses by way of assessments on almost all insureds. What’s fair about that logic?
What makes you such a genious?
Every time I mention about how much money insurance companies WASTE compensating their executives AND sales people you get in a huffy about it! It’s obvious I’ve posted some of the financial trades of companies.
Must be guilt by associate.I happen to know a lot about this business and that’s why I am upsetting you. You know what I’m saying is true. You have your personal invitation to prove me otherwise!
Put the proof where you are running your mouth.I’m sick of you bashing me and not backing your mouth!
Auto insurance is a cash cow and if a company makes bad investments and mismanages their money that makes it the consumers fault?
Homeowners you pay,pay,pay then you have one maybe two claims and they cancel you and you’re put into high risk.These two types of insurance are not exclusive either.It applies everywhere worker’s comp,malpractice,all lines of insurance.
We should pay for their ignorance? I don’t think so!
Go stick you head in the sand, Your identity in this forum is appropriate and corresponds with you knowledge!
The company encouranges you to install hurricanne protection then wants to penalize you for the discount they encourage for you doing this? Sort of contradictory ! They say they have made no money on any policies in Florida; a BOLD FACE DIRECT LIE. I HAVE BEEN INSURED IN MY CURRENT HOUSE SINCE I PURCHASED IT IN 2001, THROUGH STATE FARM. I HAVE NEVER FILED ANY CLAIM AND CARRY ADDITIONAL COVERAGE ON JEWELRY AND OTHER PERSONAL ITEMS. ADDITIONALLY AM IN AN X FLOOD ZONE(FLOOD INSURANCE NOT REQUIRED)BUT STILL CARRY THE INSURANCE AS A BACK UP. WITH A 2% DEDU7CTABLE TO SAVE THE,M MONEY, AND ALL I HAVE DONE TO MINIMIZE RISK THEY WANT OT RAISE MY RATE BY MAYBE AS MUCH AS SEVENTY PERCENT. These insurance compies feel they should bare no mrisk. Maybe they need to look up the definition of insurance. Instead of spreading the risk among all of the insurance policies written by them they form a seperate Florida Corp. to have only this state in that risk pool, defeating the real meaning of spreading risk ! What a lie to policy holders, insurance regulators and the majority of stock holders who additionally are stock holders also. they are not telling the entire truth and should be called to task for this trickery by the Insursance commission and governor. Take away all of their ability to write any insurance, auto, business, special coverages and do like the state did to Allstate and maybe this company too will wake up !
Your not to educated. Maybe we should start regulating everyones pay. Retail should charge less, gas stattions should have gas giveaways, lawyers should lower there fees, sales people in general should cut their commissions in half.
Then we can call ourselves the United Socialist States. That sounds great, we can have price controls on all occupations that way people all make the same amount of money no mattrer the educatiuon level.
People like you make everyone else dumber. I have worked fraud investigations for 10 years as an independent business person. People have an entitlment attitude such as yourself when it come to insurance. I have seen people turn on their hoses and flood their own homes and claim it was caused by a storm. I have seen people get on their roofs and hammer their shingles to create hail damage.
People like you are so far removed from reality and you have a hate for successful people. You should not hold other people accountable for your own shortcomings. We live in a capitalist society if you do not like the price then move on or in your case move away, far.
Insured with SF 20 Yrs never filed a claim. Live in town house East of 95. HOA has BLDG policy with Citizens, I pay for a condo policy with SF. Which includes BLDG property and Personal Property. I was just informed that I have been dropped because of the risk from hurricane. I have 3 Autos insured with SF and I will be dropping them when I find a company that can write home and Auto
Any and all suggestions appriciated.
Joe
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I understand. Everyone is being sqeezed.You have enlightened me to some issues but again you being an underwriter is a cut throat business.I didn;t realize that until you just said it.You guys are constantly under the gun as well.Incentives given by large companies have to be met otherwise they will go elsewhere.
I can’t understand why they are asking for such a large increase.i know that the economy has gone south but who’s to blame for that? Our politicians,businesss executives sending jobs overseas and realtors and banks.
Couple this with the increase in fuel and it’s a recipe for disaster.Fl is certainly unique in the way they do insurance business.You have bare bones coverage at a high premium.Citizens is a joke!I would probably go without H.O before I paid that kind of money because I could use the capital of my property to rebuild and save the premium I pay on my home.I don;t have much of a home because of the mishap I mentioned but it amazes me how a company can come in and set a value on my home when market is clearly higher.If I suffer a total loss I would get half of what my home could sell for right now in this market.
This just fried my jewels because as I said I see these large payments made to execs and then they cry they need to increase premiums.
I know in the insurance world 6 million isn;t a lot but that could and would cover quite a few losses and what makes these people entitled to these awards?
I think that government as a whole is looking closely at the way executives of all corprations are compensated now.I hope they intervene because it will be this countries demise.
No large corporations in this country pay federal income tax and there sister companies abroad are exempt from the sameWhat is wrong with that picture.
I really hope that the issue stays on the forefront of the political agenda because this country will become a third world country unless they address it now.
British and Canadians are buying up American realestate and companies like it’s going out of style.This is not good!
I priced my H.O.through them and was shocked at the price they gave me.If I hadn’t had a mishap in my life that has taken away my life blood I wouldn;t be so bitter but try living on 20k a year when you made more than double that.
Again have a good one. Excellent dialog!
Well Nobody Important I guess I struck a nerve.If yOU DO infact work in H.O.of a company then it’s obvious you have loss site of the outside world and have been programmed to think at the level the company wants you to!
I haven’t been insulting to you directly nor do I plan on it I am merely commenting on your inadequacies of the real black and white.I agree that they show no profit but this is because the data is being manipulated the reason it’s being manipulated is so that people in your or higher level,excuse me,can make large sums of money!
I am not against that but the amounts of money they make is ludicrous and comes out of the bottom line as stock options.If a CEO?CFO dumps all his stock tto take a leap and fly away then all of sudden panic sets in and the share holders follow suit.This is classically what you are seeing now.Maybe not with all companies but definitely with some.Look at the stocks and prove me wrong!This isn’t all because of losses.
The other thing is that most companies are insured by reinsurers so IF they get their butts in trouble they can turn around and look to Lloyds or a company like that.Then you have them turning to the federal government for things they should also be covering.
So YOU may need some more schooling on this subject.Don’t insult me.I’ve provided proof on this forum and all you’ve done is said the companies are enttitled to an increase the companies are entitled to an increase.You sound like a broken record.
The expense ratios data can also be manipulated.Um the word Budget comes to mind again if you are not managing properlt YOU WILL loose money but I don;t want you to tell me you are loosing money and I see the financial officers and exec’s taking 6 million dollar bonus’ in a years time!That to me is not a company that needs to raise rates.It’s a company that needs to reorganize there priorities.The consumer is smarter than they have ever been with insurance companies and why do you think this is? They are sick and tired of paying and paying!
Pud, you have no facts, you have no logic. You say you are knowledgeable in the industry, but show no knowledge. It’s not an insult to say that your posts are nonsense. You say you don’t insult me, but then because I am with an evil insurance company you say I can’t know the real world. I think after over 30 years of work in my chosen industry I have a pretty good knowledge of the impact of insurance and the world in general. I work for a company that has tried honestly to work with the OIS and gets nothing back. The OIS is not dealing with the real world. It’s just making up it’s own world where the catastophe losses won’t occur. The State of Florida is counting on the feds to bail them out when the big one comes. You and I disagree on this and I find your viewpoints and posts to show a low level of actual knowledge of the purpose and function of insurance. I have said this before, I’m sorry the people of Florida are being so poorly served by the politicians. It’s what they voted for.
They should sever their ties to the national parent, voluntarily turn in their certificate of authority, and leave Florida. They can keep writing auto insurance, which is very profitable, under State Farm Mutual or State Farm Fire companies and tell the FLOIR to kiss off. If they cannot get rates they want they could be technically insolvent, not unlike Citizens, which means the FIGA has to pay if claims exceed assets. Citizens is okay PAST losses by way of assessments on almost all insureds. What’s fair about that logic?
What makes you such a genious?
Every time I mention about how much money insurance companies WASTE compensating their executives AND sales people you get in a huffy about it! It’s obvious I’ve posted some of the financial trades of companies.
Must be guilt by associate.I happen to know a lot about this business and that’s why I am upsetting you. You know what I’m saying is true. You have your personal invitation to prove me otherwise!
Put the proof where you are running your mouth.I’m sick of you bashing me and not backing your mouth!
Auto insurance is a cash cow and if a company makes bad investments and mismanages their money that makes it the consumers fault?
Homeowners you pay,pay,pay then you have one maybe two claims and they cancel you and you’re put into high risk.These two types of insurance are not exclusive either.It applies everywhere worker’s comp,malpractice,all lines of insurance.
We should pay for their ignorance? I don’t think so!
Go stick you head in the sand, Your identity in this forum is appropriate and corresponds with you knowledge!
The company encouranges you to install hurricanne protection then wants to penalize you for the discount they encourage for you doing this? Sort of contradictory ! They say they have made no money on any policies in Florida; a BOLD FACE DIRECT LIE. I HAVE BEEN INSURED IN MY CURRENT HOUSE SINCE I PURCHASED IT IN 2001, THROUGH STATE FARM. I HAVE NEVER FILED ANY CLAIM AND CARRY ADDITIONAL COVERAGE ON JEWELRY AND OTHER PERSONAL ITEMS. ADDITIONALLY AM IN AN X FLOOD ZONE(FLOOD INSURANCE NOT REQUIRED)BUT STILL CARRY THE INSURANCE AS A BACK UP. WITH A 2% DEDU7CTABLE TO SAVE THE,M MONEY, AND ALL I HAVE DONE TO MINIMIZE RISK THEY WANT OT RAISE MY RATE BY MAYBE AS MUCH AS SEVENTY PERCENT. These insurance compies feel they should bare no mrisk. Maybe they need to look up the definition of insurance. Instead of spreading the risk among all of the insurance policies written by them they form a seperate Florida Corp. to have only this state in that risk pool, defeating the real meaning of spreading risk ! What a lie to policy holders, insurance regulators and the majority of stock holders who additionally are stock holders also. they are not telling the entire truth and should be called to task for this trickery by the Insursance commission and governor. Take away all of their ability to write any insurance, auto, business, special coverages and do like the state did to Allstate and maybe this company too will wake up !
Your not to educated. Maybe we should start regulating everyones pay. Retail should charge less, gas stattions should have gas giveaways, lawyers should lower there fees, sales people in general should cut their commissions in half.
Then we can call ourselves the United Socialist States. That sounds great, we can have price controls on all occupations that way people all make the same amount of money no mattrer the educatiuon level.
People like you make everyone else dumber. I have worked fraud investigations for 10 years as an independent business person. People have an entitlment attitude such as yourself when it come to insurance. I have seen people turn on their hoses and flood their own homes and claim it was caused by a storm. I have seen people get on their roofs and hammer their shingles to create hail damage.
People like you are so far removed from reality and you have a hate for successful people. You should not hold other people accountable for your own shortcomings. We live in a capitalist society if you do not like the price then move on or in your case move away, far.
Insured with SF 20 Yrs never filed a claim. Live in town house East of 95. HOA has BLDG policy with Citizens, I pay for a condo policy with SF. Which includes BLDG property and Personal Property. I was just informed that I have been dropped because of the risk from hurricane. I have 3 Autos insured with SF and I will be dropping them when I find a company that can write home and Auto
Any and all suggestions appriciated.
Joe