re: Shocker: study suggests insurance companies are breaking it off in our butts

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Businesses would be members and elect a board of directors that would pay to have a risk and cost analysis done each year on all members and board decides the rates

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This would be insolvent in 5 years. You don’t want the people that have to pay the bills setting the rates. Plus, the minute somebody came up with something 3% cheaper everyone would leave.

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So you’re pissed about a 6.3% profit margin?

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That’s margin from premiums alone.

Average EBITDA for P&C is 15-20%

High performing companies up to 30%.

The number of shills for Americas most comical con crack me up. You wouldn’t know you were getting fricked if you saw the dick in your arse.

I'm curious to know what the Sherman-Furgeson act did to raise barriers into entry into the market.

Monopolies/oligopolies/cartels dont exist or manifest without assistance and/or regulation from the state.

Of course, there's any number of codes perpetuated that help out the lobbying sector of an industry you choose that puts business and pay to play first and always before the best interest of the American tax payer.

.... but i guess that's all besides the point because democrats are communists that hate America and republicans are nazis that are blindly following a cult of personality.

I'm looking forward to the downfall personally.

I hope I'm wrong, but we're so fricked.

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Factually horseshite. Who the frick uses industry wide averages for combined ratios

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Industry analysts

And any other private company making a profit

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I'm curious to know what the Sherman-Furgeson act did to raise barriers into entry into the market.

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It didn’t specifically put entry barriers on the market, but it put all regulation of insurance under the state. For admitted companies the states control coverage forms and rates as well as market conduct. By capping rates or mandating coverage the states DOIs limit the free market because companies that want to charge more or limit their risk can’t or won’t enter. Imagine the politics that go on with this.

Hence the fire insurance issue in CA. If you aren’t allowed to charge what you’ve determined you need to because state won’t let you, you quit writing that coverage in that state unless you can make it up somewhere else.

You in LA? Or DC?

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I’m sure it won’t take long for our resident insurance agents

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Customer acquisition cost is a serious problem for insurance. And it’s fricking all of us.

Healthcare is a fricked up mess of hobbled together federal and state regulations, insurance company networks, greed in milking fee for service healthcare, government and private payers and unpaid healthcare. It’s a fricking knot that can’t be untied.