Started By
Message

re: Predatory car wreck lawyers have skyrocketed insurance costs across the US.

Posted on 2/6/24 at 11:13 am to
Posted by DCtiger1
Member since Jul 2009
11102 posts
Posted on 2/6/24 at 11:13 am to
quote:

He says as another one leaves the state. No, they are not.


The big insurers are reporting record losses, the exact opposite. Look how many upvotes he has though. Confirmation bias at its best.
Posted by KemoSabe65
70605
Member since Mar 2018
6325 posts
Posted on 2/6/24 at 12:17 pm to
I had a company guy brag about their 96% loss ratio one day. Thought it was odd until I realized that most commercial carriers were running +100% loss ratio.
Posted by DCtiger1
Member since Jul 2009
11102 posts
Posted on 2/6/24 at 12:38 pm to
That's their combined ratio on auto insurance. Some companies price auto insurance at a profit, while some price it at a loss (106% or higher) and try to recoup the losses via investments. Most stock companies (Geico and Progressive) price at a profit. Mutual Companies price at a loss.
Posted by BugAC
St. George
Member since Oct 2007
56882 posts
Posted on 2/6/24 at 12:46 pm to
quote:

Ask your commercial agent what his commission is, his agency fee he additionally tacks on for servicing the account, the broker’s fee and the last trip AIG took him on.


So it's insurance agents commission fees and not frivolous lawsuits in plaintiff friendly districts that is the cause for our higher insurance premiums???

No one is buying this shite.
Posted by DCtiger1
Member since Jul 2009
11102 posts
Posted on 2/6/24 at 12:52 pm to
quote:

So it's insurance agents commission fees and not frivolous lawsuits in plaintiff friendly districts that is the cause for our higher insurance premiums???


where do people come up with this shite?
Posted by KemoSabe65
70605
Member since Mar 2018
6325 posts
Posted on 2/6/24 at 1:02 pm to
Commish is on avg 10% on pure premium, A/F is typically determined by the size of the account.
Posted by DCtiger1
Member since Jul 2009
11102 posts
Posted on 2/6/24 at 1:11 pm to
I do personal lines and commercial lines as well as Financial services and I don’t get any servicing fee. Just renewal commission which is the same as my new commission.
Posted by ThatTahoeOverThere
Member since Nov 2021
4643 posts
Posted on 2/6/24 at 1:27 pm to
Posted by jorconalx
alexandria
Member since Aug 2011
10588 posts
Posted on 2/6/24 at 2:12 pm to
quote:

go ta hell ole miss


The fact that this got 15 upvotes shows how stupid the average consumer is.
Posted by DCtiger1
Member since Jul 2009
11102 posts
Posted on 2/6/24 at 2:16 pm to
100%. The ignorant masses seek only the knowledge that confirms their beliefs
Posted by Barrister
Member since Jul 2012
5204 posts
Posted on 2/6/24 at 2:37 pm to
quote:

It’s been a year the plaintiff is still pursuing $100K.


Under Louisiana law, you are not allowed to sue for a specific amount.
Posted by Barrister
Member since Jul 2012
5204 posts
Posted on 2/6/24 at 2:38 pm to
quote:

all went to a “pain clinic” partly owned by attorneys.


Pleaseshare the name of this clinic and the attorneys with ownership intrest.
Posted by meansonny
ATL
Member since Sep 2012
26029 posts
Posted on 2/7/24 at 12:50 pm to
Ownership or not...

You don't think pain clinics could be exposed with conflicts of interest?
Posted by tommy2tone1999
St. George, LA
Member since Sep 2008
7617 posts
Posted on 2/7/24 at 12:55 pm to
quote:

Every lawsuit in the courthouse is frivolous except my own.

Posted by tommy2tone1999
St. George, LA
Member since Sep 2008
7617 posts
Posted on 2/7/24 at 1:05 pm to
quote:

The attorneys are not the problem. The problem are the State Legislators


The same thing
Posted by tommy2tone1999
St. George, LA
Member since Sep 2008
7617 posts
Posted on 2/7/24 at 1:07 pm to
quote:

change the law and theres no need for a jury


Hard to do when most of the legislators are attorneys
Posted by USAFTiger42
Baton Rouge
Member since Dec 2016
3703 posts
Posted on 2/7/24 at 1:15 pm to
If it wasn't so bad I'd joke and say no shite sherlock for 2000 Alex

Except that is a huge reason and it pisses me off everytime I see that note go through

Posted by concrete_tiger
Member since May 2020
7477 posts
Posted on 2/7/24 at 1:23 pm to
Very common. Both my mom and a brother have been a victim of this. Minor accidents that didn't even require bodywork on their vehicles, but netted retarded settlements.

Page 1 2 3 4 5 6
Jump to page
first pageprev pagePage 6 of 6Next pagelast page
refresh

Back to top
logoFollow TigerDroppings for LSU Football News
Follow us on X, Facebook and Instagram to get the latest updates on LSU Football and Recruiting.

FacebookXInstagram