Because maybe if everyone calls at once, they will be too busy to approve rate increases? 😆
GeologistAgitated923 on
Call your local actuary and yell at them because I’m the one working with the DOI to file for approving rates :). They’ll tell you call your local personal injury attorneys who are inflating the cost of claims. Ever wonder why there are ads everywhere for personal injury attorneys? It’s a very profitable business to be a parasite on society.
CTLFCFan on
Ok, so you appear not to understand what the DOI does.
The DOI does not want companies to go under- it’s bad for consumers. So, they not only make sure companies don’t charge too much- they also make sure companies don’t charge too little.
You yakking on the phone does not replace the actuarial data that backs up company rate requests.
Own-Ad-503 on
Part of the problem with rising insurance cost is because state insurance dept. were not allowing the rate increases that insurance companies needed. In some parts of the country ( florida, Texas, California and others) had companies pulling out of the state because of this. The result was less competition and higher rates for whoever stayed in the state. Insurance Depts. are realizing this and are approving rates. It was so long before departments approved the needed rate increases that the companies needed more rate. There are many reasons why insurance costs are increasing and they have been discussed here ad nauseum so I won’t delve into that again.
WhereMyMidgeeAt on
Why not just call the people who have accidents and complain that their behavior keeps rates high …?
7 Comments
Question, why should we give them a call ?
Why?
Because maybe if everyone calls at once, they will be too busy to approve rate increases? 😆
Call your local actuary and yell at them because I’m the one working with the DOI to file for approving rates :). They’ll tell you call your local personal injury attorneys who are inflating the cost of claims. Ever wonder why there are ads everywhere for personal injury attorneys? It’s a very profitable business to be a parasite on society.
Ok, so you appear not to understand what the DOI does.
The DOI does not want companies to go under- it’s bad for consumers. So, they not only make sure companies don’t charge too much- they also make sure companies don’t charge too little.
You yakking on the phone does not replace the actuarial data that backs up company rate requests.
Part of the problem with rising insurance cost is because state insurance dept. were not allowing the rate increases that insurance companies needed. In some parts of the country ( florida, Texas, California and others) had companies pulling out of the state because of this. The result was less competition and higher rates for whoever stayed in the state. Insurance Depts. are realizing this and are approving rates. It was so long before departments approved the needed rate increases that the companies needed more rate. There are many reasons why insurance costs are increasing and they have been discussed here ad nauseum so I won’t delve into that again.
Why not just call the people who have accidents and complain that their behavior keeps rates high …?