Re: OT--the Real Deal on Insurance!

Posted by Mike(inWisc.) on January 03, 2005 at 12:45:49 from (66.170.11.19):

In Reply to: Re: OT--the Real Deal on Insurance! posted by Brian in NY on January 03, 2005 at 11:56:52:

Looked at your website, and in particular the data for Wisconsin.

Funny how those figures are NOT consistant with the profitability of many cos. that do business here, and the two I cited previously are just two examples.

How can they have 100s of millions in profits every year if they are just barely covering their expenses? That just does not add up. Sorry, but I am not buying that.

Gee, do you think that data might be compiled in a way to prove a preconceived notion? HMMM, might that just be possible?

By the way, I am not bitter about premiums, but am very bitter about how I have seen insurance cos. operate.

I am licenced to sell life and health, but do not practice. I am a stockbroker by trade, but have some annuities of clients that I manage. I did not sell them, but there were brought to me.

I can tell you many horror stories about abuses in life, and annuities. While it is true that there are bad apples in every industry, insurance seems to have more than their fair share. (Same can actually be said of my profession as well.)

I guess I am not so much ranting against insurance as I am against unethical people.

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