Laguy320, nice to see the California educational system has taught you well enough to spell some words correctly. I rest my case about my first comments.
Another let’s waste the taxpayers money Garamendi move. This anti Insurance Company trial lawyer only does this for his own political gains, and that is an eye on the Governor’s seat. I’ve talked to many top Insurance Company officials whom say there companys will not move on changes to Auto or Homeowners programs until Garamendi move’s on. I sure do love going to the California Department Of Insurance Web page and haveing Garamendi Jump right out at you as you enter. No other Goverment Head is plasterd onto the front of there web page in a twisted and contorted stance.
When are you folks going to get off the Blue vs Red states? Is this now a political post? The guy who complained about California education, I though writinfg and speaking where about communications. I have met alot of men with perfit writing skills working for people who could not write in English. Maybe the English expert is a Girlyman.
You are right about our commissioner is is as phoney as a three dollar bill. Anything to get on the evening news. He is not smart enough to realize Californians have his number. His goal of being Governor & President will never happen.
After 45 years in the industry it doesn’t take much to figure out if it loses money it is not a good deal. Whatever happened to the morale or moral loss exposures? Do Californians have the Big “G” number I doubt it. They call it a blue state because there is a definite lack of oxygen to the brain cells, check the finger nails.
Whatever happened to “Moral Loss Exposures”? Now it is cheaper to rate people using data collected by credit & claims companies like ChoicePoint. As for the beautiful state of California, we have the cleanest air in the country outside of LA. We attract the brightest people in the world here. We are at the cuting edge of change for a better life, eat your heart out Phrg34. Yes we are a proud Blue state with a Republican Governor. We don’t vote along party lines here, we vote for who we think is best.
Joe,you are partially correct about CA. It is a beautiful state, but anybody who can elect Garamendi, Nancy Pelosi and Lynn Woolsey to an elected office is not playing with a full mental capacity. Maybe CA residents are starting to see the light by electing Gov Schwarzeneggar. He is not a true conservative, but I would call a compassionate conservative. Which I think is the best of both parties.
Did anyone note the reference to more “emergency” regulations? Doesn’t this mean that the CDI continues to run a day late and dollar short? Don’t they have an ear to the ground so that they can detect issues in early stages and go through the proper regulation development process?
I’ve watched events unfold in California since Proposition 103 in 1988, and it seems that Garamendi follows the same process everytime – jump on the bandwagon (LATE) for the issue du jour, issue inflammatory press releases, promulgate emergency regulations, get sued by the insurance industry AND LOSE. It’s an embarrassment to state regulation.
Any loss on a HO policy makes it a “loser” on an individual basis. HO premiums are simply too low, and consumers in general should be thrilled they can gain peace of mind for such a low premium in case a real “disaster” befalls them.
Any HO insured that has a major claim will NEVER come out a loser — face it, if you pay $1000 for 30 years on your HO, any fire or liability claim (or even most water damage claims at this point) mean you’ve come out way ahead.
So you lose the HO preferred rates, and have to go to the residual market for a few years… so what? That 3 year hike in rate is nothing compared to the claim you probably turned in.
And why turn in a claim for something small anyway?… what a waste of everyone’s time, for the most part. No policy is a “cash investment upon which to exact a return on equity”… so stop looking at it that way. It is a spread of risk vehicle, not an annuity!
If you really understand the POINT of insurance, and the bargain that HO policies really create, no one would be arguing about this. Insurers are a business to make a profit. There are plenty of them. One doesn’t like you… go to their competitor! Capitalism still always works in a market as large as CA, as long as regulators are smart enough to leave it alone, and not try to convert things to socialism for their own political agenda.
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Laguy320, nice to see the California educational system has taught you well enough to spell some words correctly. I rest my case about my first comments.
Another let’s waste the taxpayers money Garamendi move. This anti Insurance Company trial lawyer only does this for his own political gains, and that is an eye on the Governor’s seat. I’ve talked to many top Insurance Company officials whom say there companys will not move on changes to Auto or Homeowners programs until Garamendi move’s on. I sure do love going to the California Department Of Insurance Web page and haveing Garamendi Jump right out at you as you enter. No other Goverment Head is plasterd onto the front of there web page in a twisted and contorted stance.
When are you folks going to get off the Blue vs Red states? Is this now a political post? The guy who complained about California education, I though writinfg and speaking where about communications. I have met alot of men with perfit writing skills working for people who could not write in English. Maybe the English expert is a Girlyman.
You are right about our commissioner is is as phoney as a three dollar bill. Anything to get on the evening news. He is not smart enough to realize Californians have his number. His goal of being Governor & President will never happen.
Congratulations Ron. You win the prize. You nailed the CA problem perfectly.
After 45 years in the industry it doesn’t take much to figure out if it loses money it is not a good deal. Whatever happened to the morale or moral loss exposures? Do Californians have the Big “G” number I doubt it. They call it a blue state because there is a definite lack of oxygen to the brain cells, check the finger nails.
compman hit it on the head as did phrg 34. LA guy, you do not seem too bright. Garamendi is a politician first, regulator second.
Whatever happened to “Moral Loss Exposures”? Now it is cheaper to rate people using data collected by credit & claims companies like ChoicePoint. As for the beautiful state of California, we have the cleanest air in the country outside of LA. We attract the brightest people in the world here. We are at the cuting edge of change for a better life, eat your heart out Phrg34. Yes we are a proud Blue state with a Republican Governor. We don’t vote along party lines here, we vote for who we think is best.
Joe,you are partially correct about CA. It is a beautiful state, but anybody who can elect Garamendi, Nancy Pelosi and Lynn Woolsey to an elected office is not playing with a full mental capacity. Maybe CA residents are starting to see the light by electing Gov Schwarzeneggar. He is not a true conservative, but I would call a compassionate conservative. Which I think is the best of both parties.
Did anyone note the reference to more “emergency” regulations? Doesn’t this mean that the CDI continues to run a day late and dollar short? Don’t they have an ear to the ground so that they can detect issues in early stages and go through the proper regulation development process?
I’ve watched events unfold in California since Proposition 103 in 1988, and it seems that Garamendi follows the same process everytime – jump on the bandwagon (LATE) for the issue du jour, issue inflammatory press releases, promulgate emergency regulations, get sued by the insurance industry AND LOSE. It’s an embarrassment to state regulation.
Any loss on a HO policy makes it a “loser” on an individual basis. HO premiums are simply too low, and consumers in general should be thrilled they can gain peace of mind for such a low premium in case a real “disaster” befalls them.
Any HO insured that has a major claim will NEVER come out a loser — face it, if you pay $1000 for 30 years on your HO, any fire or liability claim (or even most water damage claims at this point) mean you’ve come out way ahead.
So you lose the HO preferred rates, and have to go to the residual market for a few years… so what? That 3 year hike in rate is nothing compared to the claim you probably turned in.
And why turn in a claim for something small anyway?… what a waste of everyone’s time, for the most part. No policy is a “cash investment upon which to exact a return on equity”… so stop looking at it that way. It is a spread of risk vehicle, not an annuity!
If you really understand the POINT of insurance, and the bargain that HO policies really create, no one would be arguing about this. Insurers are a business to make a profit. There are plenty of them. One doesn’t like you… go to their competitor! Capitalism still always works in a market as large as CA, as long as regulators are smart enough to leave it alone, and not try to convert things to socialism for their own political agenda.