Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : ahhaha's ahs -- Ignore unavailable to you. Want to Upgrade?

To: GraceZ who wrote (3396)	11/2/2001 1:34:44 PM
From: Ahda	Read Replies (1) \| Respond to of 24758

What has caused this problem? Is it because insurance companies are given tax advantages? Is it because people have lost respect of and if so why? Is it because insurance companies out of greed did not come up with fair value. Again we are back to a moral issue that is used to immoral advantage. And what sanctions this i am sure are laws that were once written for a fraction of the populous we have now. Contact with each other on a daily base created more moral the business world was a people world they felt more part of.

To: GraceZ who wrote (3396)	11/2/2001 3:44:02 PM
From: frankw1900	Respond to of 24758

It also has to do with insurance company behaviour. The bean counters decide it is not "cost effective" to vigorously fight chiseling, penny ante fraudulent claims. Cheaper to raise the premium than go pit bull. Years ago I did a lot of business with vehicle insurers. I'd tell the adjuster this person is trying to zing you for an extra $500 worth of body work. He'd shrug his shoulders because it wasn't worth the expense of pursuing the matter. Now there is a running racist joke: how many cars does a member of a certain community buy in his lifetime? (Probably isn't true with respect to that community but the sting of truth is in the joke.) There is a racket in parts of N America of arranged vehicle accidents for the purpose of developing personal injury claims. These often aren't penny ante. Individuals don't get wacked but commercial equipment operators are plagued with this sort of crap. If insurance companies do not energetically fight every single one of these fraudulent claims and suits, this activity expands. Face it - a small part of our community are NFG and rewarding them for this is always costly because they grow to industrial strength.