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Strategies & Market Trends : Dave Gore's Trades That Make Sense -- Ignore unavailable to you. Want to Upgrade?

To: WhatsUpWithThat who wrote (7799)	6/10/2002 2:35:50 AM
From: Dave Gore	Respond to of 16631

Absolutely, who isn't? I am one of those who seldom has a claim, so I am in the camp of never getting my money's worth, except for the so-called peace of mind. What irks me is that my premiums are high because some other jerk is turning in false claims or engaging in risky driving or smoking in bed and any number of things that makes him/her a higher risk. I don't think anyone is on the side of insurance companies who treat honest people out of honest claims. I am just wondering what they're going to do to survive. You can't keep losing billions a year indefinitely. Yet if they try to raise honest people's rates much or screw them on honest claim submissions, they're going to get a lot of pissed off people too. They've got to crack down on illegal claims fraud. Maybe also charge still higher rates for those that have higher than normal numbers of claims while keeping those with few or no claims the same or less.