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JT45242

(4,011 posts)

3. Privatize profits and socialize losses

Reply to global1 (Original post)

Fri Sep 30, 2022, 07:10 PM

Sep 2022

Because they count on a bail out from FEMA if the dollar amount gets too big. Then they will raise premiums and deductible in response. They will never repay the bailout.

Why would they want change when the system is already rigged in their favor?

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Highlight:

Insurance Companies Are Going Broke With These Storms And Either Are Raising Premiums Or.... [View all] global1 Sep 2022 OP

49.6 to 49.2 2018 governor election jimfields33 Sep 2022 #1

Good questions. Nt spooky3 Sep 2022 #2

Privatize profits and socialize losses JT45242 Sep 2022 #3

Insurance companies make their profits by SharonClark Sep 2022 #4

Stop subsidizing flood insurance. Tomconroy Sep 2022 #5

Which industry has the most powerful influence? Frasier Balzov Sep 2022 #6

They have every right to stop offering coverage in these high risk areas. roamer65 Sep 2022 #7

I work in the insurance industry.... Xolodno Sep 2022 #8

I think this will be where they cut and run. roamer65 Sep 2022 #9

Most of the larger insurers such as Allstate, Farmers, etc. Xolodno Sep 2022 #11

You're right. Very heavily scrutinized industry. Buckeyeblue Sep 2022 #10

It all comes down to the combined ratio. Xolodno Sep 2022 #12

It is hardly breaking news that hurricanes PoindexterOglethorpe Sep 2022 #13