I'm not going to debate this any longer. The FACTS have the Homeowners ARM of the business as extremely profitable the past decade. Like the health side and BIG PHARMA..in this very thread industry/investors are attacking me for speaking the truth. #Sad. I don't stand for the insurance executive. I stand for Mike the plumber in Houston that lost everything and needs to rebuild.

Bob's facts are second-hand sourced via a marketing and leads company website, but never mind that .....

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Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

We had the gross-word conversation at Christmas last year and agreed on "moist oral odor" as the worst possible sequence of words.

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Don't worry about Lyin' leash. He's busy denying claims of poor people whose houses are underwater.

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Freedom is our Strength.

Which stated...92% which was inline with what Denis posted. That margin with that volume results in high profitably. Are you arguing that this specific business line has not been profitable of late?

False. The people who work for me do that. I just ignore the complaint calls.

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While Deni$ is hedging his next investment on these people losing their homes...from the basement of his 700K Pulte home.

State Farm tripled my auto insurance rates over a 3 year period after I moved to a place that could get hurricanes. This was before any of them had hit too.
My parents and me were lifelong customers too. I obviously switched and my new agent laughed at what they did. Never having State Farm again.

Our townhouse community got 100% of the damage reimbursed for Sandy. The one prior wasn't considered hurricane force in our town so it cost like $500 per unit.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

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Freedom is our Strength.

That was another racket
http://www.npr.org/2016/05/24/478868270 ... fter-sandy

Living the American dream on the backs of the homeless..Sad!

Well done.

Telling an insurance company how long you've been with them is like telling Dan Bernstein how long you've been a Bears fan.

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Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

I didn't tell them how long I was with them. I called and asked why my rates tripled and got no good answer. My agent was actually apologetic when I called to cancel but that's the free market!

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

No question about that ... believe me, your agent was MF'ing the company before and after you called him. EVERY company has these types of increases where you see clients vanishing weekly if not more often. I just caught the life-long part and offered what I did as a PSA to others as much as anything.

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Power is always in the hands of the masses of men. What oppresses the masses is their own ignorance, their own short-sighted selfishness.
- Henry George

At a 92% combined ratio, HO writers are just about hitting their cost of capital. Low interest rates really hurt insurance companies. They probably post a 12% ROE at a 92% combined, but probably a bit lower.

What people don't understand about insurance companies is that they have to commit large amounts of capital as security for their ratings and writings (surplus in industry lingo). So if I had $10B dollars of investor sitting in the bank earnings 1% interest, I would be making $100M per year. You'd say, wow, that guy is making tens of millions of dollars. But what you neglect to mention is that I am earning a crappy return for my investors. That is the opportunity cost. So insurance carriers have over $500B in surplus, so of course they are going to make tens of billions of dollars per year. But at what opportunity cost? They are only earning a 7% ROE over time, and that is no where near the required equity return that is considered to be 12%.

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Hawaii (fuck) You

this thread sucks.

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Reality is your friend, not your enemy. -- Seacrest

You suck.

We should change the topic to how Chris Christie went all apeshit on Ted Cruz today.

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Understood. I just found it strange that they would force a customer to drop that likely would have been with them for decades and only had a condo policy anyways but I'm sure the heartless people at HQ like leash don't care about anything but short term profits over people.

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You do not talk to me like that! I work too hard to deal with this stuff! I work too hard! I'm an important member of the CSFMB! I drive a Dodge Stratus!

I knew Rick was a #berniebro!

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They're still ruining the thread.

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Seriously, did anyone see Christie chew on Cruz?

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So, yeah they are making a shitload of money on their product(thanks for agreeing with me), but the bitch is they could be making more. Got it.

I'm sure Cruz was just an appetizer. He probably polished Blake Farenthold off as his main course.

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Freedom is our Strength.

You missed the whole point, on purpose I am sure. I hope your 401(k) returns 3.2% annually for the rest of your life. When you come to me bitching about shitty returns from your current funds, I'll reply, "you made a shitload of money."

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Hawaii (fuck) You

I'll stand with the stapled one here

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There are only two examples of infinity: The universe and human stupidity and I'm not sure about the universe.

I have a public school education, and an English degree. Can someone explain to me why reservoirs, dams, and spillways were opened which resulted in reflooding of areas worse than before? I feel like I'm missing something.

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Well for things like reservoirs it's better to open them than let the water spill over the top because structurally that fucks them up and might cause them to break.

I believe it is fear of the reservoir or whatever overfilling and catastrophic failure being worse. Also, can't hold all that water upstream indefinitely.

Edit: what Kddit said.

10-4 on that. Thanks fellas.

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