Auto insurance up 42% in 2 years
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Poast new message in this thread
Date: June 17th, 2024 12:00 PM Author: buff slimy yarmulke
Auto insurance rates in the US have increased by 42% over the past 2 years.
That's the biggest 2-year spike since 1977, per Charlie Bilello.
https://x.com/unusual_whales/status/1802669268418318485
(http://www.autoadmit.com/thread.php?thread_id=5541850&forum_id=2/#47753692) |
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Date: June 17th, 2024 12:05 PM Author: mentally impaired twinkling uncleanness
As to home:
- cost of building materials and labor have gone up drastically.
- contractors helping insureds scam the system. a few years ago many people got roofs replaced with bogus assessments from these contractors.
As to auto:
- CSLGs
(http://www.autoadmit.com/thread.php?thread_id=5541850&forum_id=2/#47753720) |
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Date: June 17th, 2024 10:31 PM Author: odious outnumbered main people rigpig
a brown kike
absolutely disgusting
you should be fed to indios
(http://www.autoadmit.com/thread.php?thread_id=5541850&forum_id=2/#47755654) |
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Date: June 19th, 2024 9:02 AM Author: dashing lodge
no, have you worked for a big insurance company? if so, how would you explain the massive losses that the auto insurance industry had in 2021 and 2022 due to increased claims severity? https://www.repairerdrivennews.com/2023/03/01/geico-state-farm-see-record-loss-of-billions-in-auto-underwriting/
i understand that every big company wants to wink and nod (or explicitly agree) to keep prices high.
but auto insurance is pretty fragmented, making collusion less likely:
state farm 18%
progressive 15%
geico 14%
allstate 10%
remainder 43%
(http://www.autoadmit.com/thread.php?thread_id=5541850&forum_id=2/#47760052) |
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Date: June 18th, 2024 2:26 PM Author: 180 menage
a lot of shit is like this in the us. the insurance companies and pi lobby like it this way because they both profit bigly.
if there was a proposal to regulate insurance companies in the way you're thinking in tandem with tort reform i'd be all for it. my issue itt is that retards think if we just did tort reform the invisible hand would work it's magic and we'd wind up in a european style system without their regulations.
it's a convenient straw man for the insurance lobby to just point at pi grifters. and it's unbelievable that so many on xo take the bait considering gc is a well-oiled rape machine. yet they think the saints at geico won't profit maximize and deny as many meritorious claims as possible without some sort of check on them doing so.
(http://www.autoadmit.com/thread.php?thread_id=5541850&forum_id=2/#47757363) |
Date: June 17th, 2024 1:07 PM Author: Racy Lettuce State
love all the goys ITT trying to rationalize it
this is just late stage capitalism, its the end result of decades of extremist american capitalism. all these comps are gonna rape you more and more and the second they have a chance to do a super rape they will do it
this will never end until the country ends. bin laden was right
(http://www.autoadmit.com/thread.php?thread_id=5541850&forum_id=2/#47753925) |
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Date: June 17th, 2024 1:42 PM Author: odious outnumbered main people rigpig
*is brown*
*shits out Reddit tier analysis*
kill all jeets holy fuck
(http://www.autoadmit.com/thread.php?thread_id=5541850&forum_id=2/#47754058) |
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