Re: OT--the Real Deal on Insurance!

Posted by Dug on January 03, 2005 at 17:47:54 from (63.167.143.110):

In Reply to: OT--the Real Deal on Insurance! posted by Brian in NY on January 03, 2005 at 07:20:53:

Hey Brian,

Great comments! While the general public may find it hard to believe, insurance companies do run on relatively small margins made up, primarily, of investment income.

As a general comment, one can not look at individual policies and assume an insurance company is making money hand over fist. A block of policies must be viewed to determine if all claims weighed against all premiums collected plus investment returns allow the company a profit. Considering the huge losses insurance companies have taken in recent years combined with relatively low investment returns, it should come as no surprise that companies are raising rates. They have stockholders to report to and profit must be a part of that report!

Dug

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