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Is the insurance give-back the first positive thing to ever come out of social media?
Posted on 4/23/20 at 8:42 pm
Posted on 4/23/20 at 8:42 pm
And, frick it all, do I have to thank Karen for this?
Posted on 4/23/20 at 8:46 pm to PrivatePublic
Social media made insurance companies give back money?
Posted on 4/23/20 at 8:47 pm to PrivatePublic
Have you ever know insurance companies to give people a break? So a 10% rate increase across the board coming in 3Q2020?
Posted on 4/23/20 at 9:03 pm to PrivatePublic
quote:
the first positive thing to ever come out of social media?
If you haven't gotten anything positive out after 15,000 posts on a social media board you might want to rethink your time allocation.
Posted on 4/23/20 at 9:03 pm to PrivatePublic
I won't have any need for insurance when I've lost everything and am standing in a bread line.
Posted on 4/23/20 at 9:27 pm to PrivatePublic
I own an insurance agency.
While it’s good publicity and all, what these carriers are giving back ain’t shite.
Losses have decreased nearly 75%.
They’re giving back 15-20% for two months.
Believe me, they’re still making record profits.
I’m happy they’re giving back and all, and some people really need it, but it’s not as much as social media is exclaiming.
Fun fact: no commissions are cut with the giveback.
While it’s good publicity and all, what these carriers are giving back ain’t shite.
Losses have decreased nearly 75%.
They’re giving back 15-20% for two months.
Believe me, they’re still making record profits.
I’m happy they’re giving back and all, and some people really need it, but it’s not as much as social media is exclaiming.
Fun fact: no commissions are cut with the giveback.
Posted on 4/23/20 at 9:29 pm to BamaCoaster
quote:
own an insurance agency.
If you own an independent agency , you likely got fronted a bonus from at least one carrier I know of.
Posted on 4/23/20 at 9:29 pm to PrivatePublic
Is this widespread?
I have State Farm and haven't seen any discounts.
I have State Farm and haven't seen any discounts.
Posted on 4/23/20 at 9:29 pm to PrivatePublic
I got $8 back. frick them.
“Every member with an auto insurance policy in effect as of March 31, 2020, will receive a 20% credit on two months of premiums in the coming weeks.”
I only got a B in Finance but 20% of $790/month is not $8.

“Every member with an auto insurance policy in effect as of March 31, 2020, will receive a 20% credit on two months of premiums in the coming weeks.”
I only got a B in Finance but 20% of $790/month is not $8.
This post was edited on 4/23/20 at 9:40 pm
Posted on 4/23/20 at 9:31 pm to dcrews
Nothing from progressive either!
Posted on 4/23/20 at 9:37 pm to PrivatePublic
Farm Bureau. Nothing yet.
Posted on 4/23/20 at 9:38 pm to dcrews
quote:State Farm is giving extra return address labels. You know, for all thst mailing of shite we do nowadays.
have State Farm and haven't seen any discounts.
Oh and a 4% increase. Thanks Jake
This post was edited on 4/24/20 at 7:56 am
Posted on 4/23/20 at 10:08 pm to HarveyBanger
quote:
you own an independent agency , you likely got fronted a bonus from at least one carrier I know of.
I honestly have no clue what you’re referring to.
Posted on 4/23/20 at 10:08 pm to X82ndTiger
quote:
I only got a B in Finance but 20% of $790/month is not $8.
You pay $790/month for auto insurance?
Posted on 4/23/20 at 10:11 pm to BamaCoaster
P&Cs just as likely to give all these record profits back with a bad hurricane season...at least on paper
Posted on 4/23/20 at 10:30 pm to Nature Boy
quote:
Nothing from progressive either!
They’re giving back 15% of April and may premiums
Posted on 4/23/20 at 10:32 pm to BamaCoaster
quote:
Losses have decreased nearly 75%.
2020 is going to deliver a cat 5 hurricane in a major metro area or a 8.6 Richter scale earthquake in SF or LA.
Book it
Posted on 4/23/20 at 10:34 pm to PrivatePublic
4 vehicles in Louisiana, yes.
Posted on 4/23/20 at 10:35 pm to PrivatePublic
Friend,
When are health insurance companies going to return the vast profits they are generating? Customer premiums stay the same, while use of health services has dramatically declined in the last three months. There does not seem to be much change coming soon.
Yours,
TulaneLSU
When are health insurance companies going to return the vast profits they are generating? Customer premiums stay the same, while use of health services has dramatically declined in the last three months. There does not seem to be much change coming soon.
Yours,
TulaneLSU
This post was edited on 4/23/20 at 10:37 pm
Posted on 4/23/20 at 10:41 pm to dcrews
You'll get a credit in June. State Farm is giving back 2 Billion dollars to mutual policyholders.
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