Quote:
Originally Posted by Bearcat
It really gets in the way of making billion of dollars though.
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Insurance companies arent even making money right now. State Farm lost over 8 billion dollars the last two years. Insurance companies are struggling in many areas due to states insurance commissions making them insure people they dont want to. As a result they have to make the avg customer subsidize these people. Its simply not fair. You should pay a premium based directly on what your risk is. Its why many companies are pulling out of California which is a complete shitshow with insurance law and has been for years with its prop 103 and orher anti insurance laws.
Insurance is not charity. Its there to spread risk and every company must make money to stay in business. Farmers just had to lay off 2400 people today.