Re: Rising Insurance Rates

Posted by paul on January 01, 2005 at 08:55:18 from (66.60.197.157):

In Reply to: Rising Insurance Rates posted by Rob in Mo. on January 01, 2005 at 07:33:19:

Not defending a 60% increase, but like the other said, insurance is about sharing risks, or else insurance would not work at all.....

Also, insurance companies make money from interest rates. They operate much like a savings plan, taking our premiums & investing them until they need to be used. With the low interst rates of the past several years, all insurance cos are hurting, as they are getting much less investment income & paying out much larger premiums the past decade.

It's like Social Security, it's a broken system at the moment.

Not defending it tho.

--->Paul

Follow Ups:

• Re: Rising Insurance Rates Burrhead 15:48:18 01/01/05 (0)
• Re: Rising Insurance Rates will in Tx./Mn./ USA 10:45:40 01/01/05 (2)
  • Re: Rising Insurance Rates paul 05:30:27 01/02/05 (1)
    • Re: Rising Insurance Rates bub 18:18:27 01/02/05 (0)

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