re: WSJ: "Insurers Rake In Profits as Customers Pay Soaring Premiums"

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Seems like the longer you stay with your insurance company, the more they screw you. Had Allstate for 8 years and my car insurance went up by $2300 this six month period. Granted, I have four cars with two adult kids age 23 and 21, but no new claims or violations. They wanted to go from $5300 to $7600 for six months. Absolutely ridiculous. Ended up switching to another company and saved 50%.. I'm sure when it renews it will get jacked up, but bottom line, you should shop around every two to three years.

When I called to say I'm not renewing with Allstate, asked why? I said your increase is insane. His reply, well I could have probably gotten it down a little for you.

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Sounds like most things in life. Budgets are always hire for new business and new employees. Shop around every 2 years at the absolute minimum.

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His reply, well I could have probably gotten it down a little for you

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"And that's why you lost my business, because you could have, but did not."

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Ambulance chasers are definitely part of the problem,

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According to the OT... insurance companies would lower our rates in Louisiana if people would stop holding them financially responsible for accidents they chose to take liability for in case of said accident

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Does accountability include the six months of chiro visits and injections for a fender bender? Or the surgical recommendation that the Plaintiff never intends to follow through with?

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Did they collect premiums or not???...

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think my point went over your head

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It didn't... do you get mines though???

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Blaming DEI has officially jumped the shark.

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I don't think there is a DEI problem here but there is definitely a "community" issue that involves politics, morality and demographics.

Insurance is simply pooling risk and claims across as broad a spectrum as you can. When the city of Memphis has three car jackings a day, the rates go up for everybody, even the people in Mayberry who have never had a carjacking. When Louisianna gets hit by three hurricaines in less than a year, the rate goes up for everybody even people living in the Nevada desert. When a bunch of agitated people throw a political temper tantrum and get goaded into a four month "mostly peaceful" protest that causes billions of dollars in damage, the rates go up for everybody, even the "try that in a small town" small towners. When sanctuary cities invite millions of inexperienced immigrant drivers to drive on their roads without insurane, the rates go up for everybody. When local legal systems allow ambulance chasers and forum shopped juries to redistribute wealth, the rates go up for everybody, even places that have strict tort reform and conservative jury pools.


So here's my brilliant idea. Start a NEW insurance company that ONLY underwrites policies that bundle home and auto claims in states/counties that behave responsibly. Only home owners in safe, conservative areas go into the pool. Air commercials that push this narrative. Military, law enforcement and first responders get a discount. Loyalty gets a discount, not a rate hike. The safer your community, the more you save. Let liberals pay for their own mess.

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Let liberals pay for their own mess.

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OK... some of the poorest areas in this state conservative MAGA loving patriots... what about them

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His reply, well I could have probably gotten it down a little for you


"And that's why you lost my business, because you could have, but did not."

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for what reason did this get a DV? must be a well to do insurance agent....because there are zero poor ones.

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Quick, time for big insurance to fund a PR campaign to smear “trial lawyers” and make the public forget insurance companies are going to increase your premiums 15% per year no matter what.

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This is so stupid it hurts.

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This is the case for many things now. Loyalty is punished or not rewarded, but switching is rewarded.

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Correct. People take their customers, employees, etc for granted.

Meanwhile turnover is stupid more expensive.

It's MUCH cheaper to keep a current customer or employer happy, then to find a new one.