> >I know it is just capitalism at work, but there is such a thing as making
> >too much profit, I have no problem with someone making 30-40% profit off
> >me, but when it jumps to 100-150+% profit it irritates me.. I'll agree
> >with you on everything else though...
> >
> >Bruce
> >
> >
> Gotta agree with John, Bruce. Insurance is a business like any other.
> Here in B.C., it is illegal not to have auto insurance, and your basic
> policy MUST be purchased through ICBC (a crown corporation...ie.
> government). My rate (97 4x4 SLT V8 Clubcab) (without discount) would be
> about $1,200 US. A good chunk of that is due to insurance fraud, staged
> accidents and auto theft. Also, they no longer differentiate by age/sex
> (only by years of claims free driving and city) so I am also paying for the
> high rate of accidents caused by young males ... no, I'm not going to
> quote, or debate the statistics.
>
> And like it or not, if you guys drive the way, and at the speeds you boast
> about, you should consider yourself lucky to get insurance at any price.
>
>
> Rob Agnew
>
I know it must make a profit, all I'm saying is you can make too much
profit, when your making 100% or more profit (I've seen some insurance
companies that make that much), i think your going overboard, to me that
seems like price gouging....
Bruce
This archive was generated by hypermail 2b29 : Fri Jun 20 2003 - 12:08:01 EDT