Do you know insurance of all types is so freaking expensive?

Do you know insurance of all types is so freaking expensive?

A cartel is a formal (explicit) agreement among competing firms. It is a formal organization of producers and manufacturers that agree to fix prices, marketing, and production.[1] Cartels usually occur in an oligopolistic industry, where there is a small number of sellers and usually involve homogeneous products. Cartel members may agree on such matters as price fixing, total industry output, market shares, allocation of customers, allocation of territories, bid rigging, establishment of common sales agencies, and the division of profits or combination of these. The aim of such collusion (also called the cartel agreement) is to increase individual members'- profits by reducing competition.


Umm... okay. I agree. Capitalism is fundamentally and irredeemably corrupt. Thanks for pointing that out.


Here is the list of Insurance carriers in New York state...…Ask the Liberal Lawyers who run this state. Not only do they create laws which benefit lawyers, but they limit profits from carriers (regulations which require premiums be paid through claims). So much for facts. That is exactly how this country is so screwed up. Rhetoric and sound bites rule.


Wrong.totally ************, as usual.The REASON insurance is expensive is because the business requires them to pay indemnity under certain circumstances. Auto, homeowners, health. You know NOTHING about insurance, I know more than you ever will. Did you know the state of California SETS rates for auto insurance? Of course you didn't, because you want to claim it-'s a "cartel".NOBODY ever gets into an auto accident anymore without claiming injury, many people think it's OK to ram it to insurance companies "because they make so much money".It's a legal enterprise, so after they pay out the claims, they have to have money left over to make the while exercise worthwhile.Again, it's a legal enterprise.EDIT--I'm a cartel now?Your cluelessness is increasing. I am a private citizen that does not work for any insurance company.Liberal douchebag politicians in CA MANDATED that everyone purchase insurance, and sets and approves rates for those auto insurance policies.How do you figure that's a cartel, other than one imposed by liberal politiicans?


A cartel like that is also generlaly illegal. So the reason it would be expensive if that was the case is that government is not doing its job.


@CitadelgradThe problems with CA is not "liberal douchebag politicians," but with the initiative process. Most of the problems started when Prop 103 was on the ballot. Californians had a chance to pass No Fault, but who do you suppose lobbied, advertised, propagandized, and did anything possible to see that it didn't.... Auto insurance companies.Because you must be indemnified to operate a motor vehicle in the state of CA, the state offers insurance to those whom have been denied by insurance companies (you can also have a certain amount of money in a bank account if you don't want to purchase insurance). The state doesn't set the rate for insurance premiums, just for the uninsurable. And let me tell you, there's a huge cost difference between a company like Allstate (which I used to sell) and Mercury.If you'd take that log outta your eye, you'd see that you're the moronic douchebag here.


yes, and then if you have a claim you have jump through a bunch of BS to get anywhere.,



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