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SVTPerformance's Chain of Restaurants
Road Side Pub
Do you think insurance is a scam
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<blockquote data-quote="AustinSN" data-source="post: 16318430" data-attributes="member: 159453"><p>The last 7 years, Colorado has been unprofitable for every single one of my companies, except for 1, and that was for only one year. They only paid out $0.97 of each dollar they collected on premiums.</p><p></p><p>I had companies paying out 175% of what they brought in, for multiple years. But with rate increases, they are getting closer to breaking even (we actually saw a couple companies take rate decreases in the .X%-3% range, imagine that). Is that screwing over customers if they need to make money to continue to operate?</p><p></p><p>In terms of overall value, it's better for the average person.</p></blockquote><p></p>
[QUOTE="AustinSN, post: 16318430, member: 159453"] The last 7 years, Colorado has been unprofitable for every single one of my companies, except for 1, and that was for only one year. They only paid out $0.97 of each dollar they collected on premiums. I had companies paying out 175% of what they brought in, for multiple years. But with rate increases, they are getting closer to breaking even (we actually saw a couple companies take rate decreases in the .X%-3% range, imagine that). Is that screwing over customers if they need to make money to continue to operate? In terms of overall value, it's better for the average person. [/QUOTE]
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SVTPerformance's Chain of Restaurants
Road Side Pub
Do you think insurance is a scam
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