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The insurance companies are loosing money. Rates have to go up.
by lokar 3y ago
The insurance companies are loosing money. Rates have to go up.
- epolanski 3y agoAnd not just a bit. Insurances have lost money for most of the last 5/6 years.
- bagels 3y agoThey are not all losing money.
- stalfosknight 3y agoAnd yet there's seems to always been enough money for stock buybacks and disgustingly excessive executive compensation.
- jjtheblunt 3y agoIn insurance companies?
- stalfosknight 3y agoIn most publicly traded for-profit organizations.
- jjtheblunt 3y agoi think "most" isn't necessarily right since selection bias applies : ones not making money get delisted from public trading, so don't pull down an average, skewing it. another couple quirks: stock buybacks generally inflate the value of remaining shares (not bought back) for the public traded company shareholders...what they hoped for when acquiring shares. some companies increase dividends to return value, rather than fiddle with share prices. but, yeah, agreed to your general observation.
- wolverine876 3y agoOr cut expenses, educate the insured on safer behavior, ...
- HDThoreaun 3y agoor pull out of the market...