Re: INSURANCE PROFITS

From: Tony Mastres (mastres@id.ucsb.edu)
Date: Mon Dec 08 1997 - 11:23:28 EST


>
>
>
>If you really think your insurance company is making this much profit,
>you should buy stock in the company and get your money back as
>dividends. That'll learn 'em.
>
>I don't believe that they are making that much profit, though. I
>believe they are using their funds unwisely and losing it to lawyers.
>Someday I'll figure out how to buy into Lawyer Profit Sharing....

The insurance industry employs more lawyers than any other private industry
I can think of and they (Insurace co.'s) wouldn't have such a bad rep if
they'd just pay the claims of legitimate policyholders when an incident
occurs. Instead they frequently try to jack the policyholder, thier own
customers, and force them to hire more lawers to get what they've been
paying for all along. How many people out there dont have some kind of
insurance co. horror story? compare that with most other industries and
you'll see how great insurance co's are.

Sure they're a necessary evil but I treat them like taxes or auto
registration fees.
I do agree though, everyone should invest in insurance co. stock, many are
very profitable and it feels much better to be earning some of your money
back

Tony J. Mastres
Photographer
Photographic Services __
1120 Kerr HAll UCSB []_.-' (Q,___\
Mastres@id.ucsb.edu *******`(o) >>>}__(o)s>



This archive was generated by hypermail 2b29 : Fri Jun 20 2003 - 12:08:01 EDT