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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 by PrivatePublic
Member since Nov 2012
17848 posts
Posted on 4/23/20 at 8:42 pm
And, frick it all, do I have to thank Karen for this?
Posted by Ed Osteen
Member since Oct 2007
59352 posts
Posted on 4/23/20 at 8:46 pm to
Social media made insurance companies give back money?
Posted by Klark Kent
Houston via BR
Member since Jan 2008
75980 posts
Posted on 4/23/20 at 8:47 pm to
Have you ever know insurance companies to give people a break? So a 10% rate increase across the board coming in 3Q2020?
Posted by Obtuse1
Westside Bodymore Yo
Member since Sep 2016
31210 posts
Posted on 4/23/20 at 9:03 pm to
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 by GetCocky11
Calgary, AB
Member since Oct 2012
53509 posts
Posted on 4/23/20 at 9:03 pm to
I won't have any need for insurance when I've lost everything and am standing in a bread line.
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
7409 posts
Posted on 4/23/20 at 9:27 pm to
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.
Posted by HarveyBanger
Member since Mar 2018
1277 posts
Posted on 4/23/20 at 9:29 pm to
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 by dcrews
Houston, TX
Member since Feb 2011
32130 posts
Posted on 4/23/20 at 9:29 pm to
Is this widespread?

I have State Farm and haven't seen any discounts.
Posted by X82ndTiger
USA
Member since Sep 2004
2542 posts
Posted on 4/23/20 at 9:29 pm to
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.

This post was edited on 4/23/20 at 9:40 pm
Posted by Nature Boy
Negatiger
Member since Jan 2008
19256 posts
Posted on 4/23/20 at 9:31 pm to
Nothing from progressive either!
Posted by Tempratt
Member since Oct 2013
15341 posts
Posted on 4/23/20 at 9:37 pm to
Farm Bureau. Nothing yet.
Posted by tigerfoot
Alexandria
Member since Sep 2006
61734 posts
Posted on 4/23/20 at 9:38 pm to
quote:

have State Farm and haven't seen any discounts.


State Farm is giving extra return address labels. You know, for all thst mailing of shite we do nowadays.

Oh and a 4% increase. Thanks Jake
This post was edited on 4/24/20 at 7:56 am
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
7409 posts
Posted on 4/23/20 at 10:08 pm to
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 by PrivatePublic
Member since Nov 2012
17848 posts
Posted on 4/23/20 at 10:08 pm to
quote:

I only got a B in Finance but 20% of $790/month is not $8.


You pay $790/month for auto insurance?
Posted by Cocotheape
Member since Aug 2015
4242 posts
Posted on 4/23/20 at 10:11 pm to
P&Cs just as likely to give all these record profits back with a bad hurricane season...at least on paper
Posted by BamaCoaster
God's Gulf
Member since Apr 2016
7409 posts
Posted on 4/23/20 at 10:30 pm to
quote:

Nothing from progressive either!


They’re giving back 15% of April and may premiums
Posted by East Coast Band
Member since Nov 2010
67020 posts
Posted on 4/23/20 at 10:32 pm to
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 by X82ndTiger
USA
Member since Sep 2004
2542 posts
Posted on 4/23/20 at 10:34 pm to
4 vehicles in Louisiana, yes.
Posted by TulaneLSU
Member since Aug 2003
Member since Dec 2007
13686 posts
Posted on 4/23/20 at 10:35 pm to
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
This post was edited on 4/23/20 at 10:37 pm
Posted by hawgndodge
Member since Jun 2009
5456 posts
Posted on 4/23/20 at 10:41 pm to
You'll get a credit in June. State Farm is giving back 2 Billion dollars to mutual policyholders.
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