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Message
re: Insurance Lobbyist - Strategy (i.e., LIE) to Tie Lower Auto Insurance Rates to Tort Reform
Posted on 8/17/20 at 9:53 pm to dgnx6
Posted on 8/17/20 at 9:53 pm to dgnx6
quote:
My lawyer friend posted this. And im tried of you fricking lawyers. You are the reason shite is like this. In a wreck need a check bullshite.
Insurance rates are so high because its bread into our fricking state to just just sue because they settle half the fricking cases.
Every time you go to a lawyers office trip over a chair and sue them for $30k. this is literally how pieces of shite in our state make money.
And in that article all it says is it might not do anything for rates. Nothing concrete there other then you piece of shite lawyers.
Imagine being this brainwashed by insurance companies. Baw is about to go shoot up Gordon offices with a Progressive Flo apron on. lmao.
2
Posted on 8/17/20 at 10:05 pm to In The Know
quote:
So, what rights are were given up?
This question seems to always go unanswered in these threads.
It’s as if some people believe it is your right to have your bullshite soft tissue case pushed to settlement by a crooked judge.
Posted on 8/17/20 at 10:16 pm to donRANDOMnumbers
quote:
i have three 1m+ claims on-going.
2 auto
1 GL bodily injury
the 2 auto claims
- Bumper to bumper - travelers paid 1m for it to go away and they not go after excess
- side swipe - 5 vertebre and 2 lumbar. primary paid 1m, going after excess now. A frickING SIDE SWIPE
the BI claim was a kid on a vessel who hopped out of a bunk bed, fractured his ankle, and sued for the ship being unseaworthy.
if you're saying there isn't a problem with our legal system them you're just full of shite.
eta: it will take a lot more than tort reform to fix our problem. but saying the bill was pointless is just lazy bullshite from attorney and physician lobbyists.
This is exactly how the system works. Build up BS medicals, make excess exposure a real possibility, force insurers to settle to prevent an excess, rinse, wash and repeat. Anyone who believes we do not have a problem have never been a target of one of the plaintiffs' attorney mills.
Posted on 8/17/20 at 10:22 pm to TigerFanNSTC
Unspoken truths
1) the higher the insurance claim payouts, the more money the insurance companies make in the long run. Most everyone here is in Louisiana. When the price of oil is low, do gas companies get excited or worried about their bottom line? Business is on the margins. Large payouts mean larger margins (the consumers get to foot the bill for both... the larger claims and profit margins).
2) large payouts do deter newer/out of market insurance companies from entering the market. Less competition allows remaining insurance companies more flexibility to maintain market share at margins.
I just wanted to share a little honesty about how insurance companies come up with their target revenues and target profits.
1) the higher the insurance claim payouts, the more money the insurance companies make in the long run. Most everyone here is in Louisiana. When the price of oil is low, do gas companies get excited or worried about their bottom line? Business is on the margins. Large payouts mean larger margins (the consumers get to foot the bill for both... the larger claims and profit margins).
2) large payouts do deter newer/out of market insurance companies from entering the market. Less competition allows remaining insurance companies more flexibility to maintain market share at margins.
I just wanted to share a little honesty about how insurance companies come up with their target revenues and target profits.
Posted on 8/17/20 at 10:50 pm to TigerFanNSTC
Yes it will lead to lower premiums. This goes way beyond just insurance rates. High premiums and unfair plaintiff- friendly legal environment makes Louisiana a tough place to do business. This will help the Louisiana economy in the long run.
Posted on 8/18/20 at 6:03 am to TigerFanNSTC
Slightly on topic but.
Anyone else feel that mandatory car insurance is another example of government overreach? The insurance industry would be much smaller and resemble a somewhat free market if it wasn't required.
Anyone else feel that mandatory car insurance is another example of government overreach? The insurance industry would be much smaller and resemble a somewhat free market if it wasn't required.
Posted on 8/18/20 at 6:08 am to theronswanson
quote:
What a melt!
Everything I said was true. We don't have more wrecks than any other state, we don't have worse drivers. We have the most lawsuites per driver.
Lawyers did this and don't want to accept any of the blame.
Posted on 8/18/20 at 6:10 am to donRANDOMnumbers
Wouldn’t a jury see through those bogus claims? All three are above the $50,000 threshold; why not give them to a jury to zero the fraudulent plaintiffs?
Posted on 8/18/20 at 6:11 am to BigSalmon
quote:
Imagine being this brainwashed by insurance companies. Baw is about to go shoot up Gordon offices with a Progressive Flo apron on. lmao.
Rt, lawyers have nothing to do with this. Nothing at all. In a wreck? Need a check?
Where's your office at? I could use $30k rt now. Just a little slip and fall and I will be on my way.
This post was edited on 8/18/20 at 6:12 am
Posted on 8/18/20 at 6:33 am to dgnx6
quote:
Lawyers did this and don't want to accept any of the blame
Their ads look like lottery winner testimonials...because that's exactly what they are.
No matter the damage, no matter the actual injuries, these ads make people think they've hit the lottery be abuse theyve been hit. What's worse is that certain lawyers have a network of doctors in on the plan that will provide an off the charts future treatment plan that they would NEVER try to propose for a regular patient.
It's the whole fricking system.
Posted on 8/18/20 at 7:53 am to TigerFanNSTC
quote:
Also interesting you complain about The Advocate being paid for by injury attorneys as advertisers
Yes, the Advocate has become less of an actual avenue for news and more of an Op-Ed. They are vested in the advertising of Injury Attorneys.
WBRZ does as much advertising with Injury Attorneys, but they at least still try to put on a facade of being a news reporting source.
Posted on 8/18/20 at 7:59 am to lsuhunt555
Yeah, and we all just intuitively know we’re in good hands with Jake from State Farm.
Being their product is literally mandated by state law, insurance companies don’t need to advertise and being the good corporate citizens they are, they pass those advertising budgets along to consumers in the form of lower rates.
I was once ignorant to this fact, but was enlightened having a conversation with someone at the Allstate Sugar Bowl.
Being their product is literally mandated by state law, insurance companies don’t need to advertise and being the good corporate citizens they are, they pass those advertising budgets along to consumers in the form of lower rates.
I was once ignorant to this fact, but was enlightened having a conversation with someone at the Allstate Sugar Bowl.
This post was edited on 8/18/20 at 8:03 am
Posted on 8/18/20 at 8:07 am to TigerFanNSTC
We tried to tell you guys this shite, but the OT is so damn stubborn sometimes.
Posted on 8/18/20 at 8:29 am to meansonny
quote:
Most everyone here is in Louisiana. When the price of oil is low, do gas companies get excited or worried about their bottom line?
Wut?
I guess you don't count drilling as part of the oil and gas industry.
This post was edited on 8/18/20 at 8:31 am
Posted on 8/18/20 at 9:11 am to biglego
quote:
So again, tell me why Louisiana’s judiciary will collapse due to $10k PI cases when Texas manages jury trials for $10 PI cases plus traffic tickets and everything else.
It won't. This is one of the most pathetic "arguments" the attorneys are making.
Again, if this system works in 49 other states, why won't it work here?
Posted on 8/18/20 at 9:13 am to TigerFanNSTC
quote:
yet don’t see a similar link between TV and all the insurer commercials...
1) I see many more attorney commercials than I do insurer commercials
2) Commercials are commercials. If the Advocate's articles started with a "Paid for by Gordon" than that would make more sense.
Posted on 8/18/20 at 9:17 am to meansonny
quote:
1) the higher the insurance claim payouts, the more money the insurance companies make in the long run. Most everyone here is in Louisiana. When the price of oil is low, do gas companies get excited or worried about their bottom line? Business is on the margins. Large payouts mean larger margins (the consumers get to foot the bill for both... the larger claims and profit margins).
2) large payouts do deter newer/out of market insurance companies from entering the market. Less competition allows remaining insurance companies more flexibility to maintain market share at margins.
These two go against each other.
If #1 is true, then every insurer in America would want to write business here. They don't... because of number #2.
Posted on 8/18/20 at 9:19 am to Motorboat
quote:
We tried to tell you guys this shite, but the OT is so damn stubborn sometimes.
Try reading the thread.
Posted on 8/18/20 at 9:20 am to KamaCausey_LSU
quote:
Anyone else feel that mandatory car insurance is another example of government overreach? The insurance industry would be much smaller and resemble a somewhat free market if it wasn't required.
In the same way that mandatory treatment at an ER is government outreach?
Uninsured driver hits/injuries another insured driver. So now everything is forced onto the victim driver, who then has to deal with higher rates. How is this fair?
Yes, it's government outreach, because left up to the free market, too many people won't do the right thing. And that hurts the people who do indeed do the right thing.
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