Recruiting Forum Off Topic Thread III

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#10,002
#10,002
Big Gucci Sosa said:
Imagine wanting to pay more taxes. My god.
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There's a whole class of individuals that you don't know and never will know or have contact with (statistically speaking) that we can have share a higher proportion of the burden without them even noticing a lifestyle change.. but that gets lost in philosophical debates.
 
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#10,006
#10,006
Kingston Vol said:
Yep. I think we’d all pay more in taxes if it meant 1) elimination of health insurance premium 2) we (and our loved ones) are taken care of it when we need it and 3) the money is spent more effectively.

Medicare for all checks all of those boxes. There are warts in the system - of course there are. But drastic measures have to be taken so people are taken care of.
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Please review the VA system. That's universal healthcare in America. Yes you may not go in debt with "medical bills" but a health situation could still place you in debt in a different way. No thank you.
 
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#10,009
#10,009
utvols88 said:
Please review the VA system. That's universal healthcare in America. Yes you may not go in debt with "medical bills" but a health situation could still place you in debt in a different way. No thank you.
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For sure. But I think we’ve proven over our history (maybe only the last 75 years) that the real issue in our VA system is we don’t give a damn about our veterans once we’ve used their bodies and minds.
 
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#10,011
#10,011
Kingston Vol said:
For sure. But I think we’ve proven over our history (maybe only the last 75 years) that the real issue in our VA system is we don’t give a damn about our veterans once we’ve used their bodies and minds.
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No, it's that weve wasted money, gone the "cheap" route and end up in an unchecked system. Its crap.
 
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#10,012
#10,012
utvols88 said:
Please review the VA system. That's universal healthcare in America. Yes you may not go in debt with "medical bills" but a health situation could still place you in debt in a different way. No thank you.
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This exactly. I go through the VA. It’s a freaking nightmare, oh and before anyone says it’s free healthcare, it’s not. I pay.
 
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#10,013
#10,013
Kingston Vol said:
For sure. But I think we’ve proven over our history (maybe only the last 75 years) that the real issue in our VA system is we don’t give a damn about our veterans once we’ve used their bodies and minds.
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So who says Universal Healthcare for the rest of the population would be different? Both private and government run systems we have in America are terrible.
 
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#10,014
#10,014
utvols88 said:
they dont make profit off of premium. they profit off the capital being invested. without that investment, in 2018, they lose about 3%. Its called a combined ratio, which is 97% according to NAIC. The combined ratio is premiums/expense. Over 100% is a profit on premiums while anything below is a loss. So no. Insurance companies arent driving up the price. that makes no sense with a loss.
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I work for an insurance company, Property and Casualty and can back up what @utvols88 is saying. Combined ration is exactly what insurance companies use ( doesn’t really matter the type of insurance) to show if they make a profit or not. Total number of policies and investments are how much of their money is made.
 
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#10,016
#10,016
tomq_123 said:
I work for an insurance company, Property and Casualty and can back up what @utvols88 is saying. Combined ration is exactly what insurance companies use ( doesn’t really matter the type of insurance) to show if they make a profit or not. Total number of policies and investments are how much of their money is made.
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Property is significantly tougher than medical too. Medical is a straighter line than the peaks and valleys of property given nature is a major contributor to loss.
 
#10,017
#10,017
utvols88 said:
Property is significantly tougher than medical too. Medical is a straighter line than the peaks and valleys of property given nature is a major contributor to loss.
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That’s why most P&C Insurance companies themselves have insurance for those years where catastrophes are greater. The fires last year and hurricanes a few years ago were terrible years for a lot of insurance companies.
 
#10,018
#10,018
tomq_123 said:
That’s why most P&C Insurance companies themselves have insurance for those years where catastrophes are greater. The fires last year and hurricanes a few years ago were terrible years for a lot of insurance companies.
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Most of those areas are now in the excess brokerage system to split the risk, I'm sure
 
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#10,020
#10,020
tomq_123 said:
That’s why most P&C Insurance companies themselves have insurance for those years where catastrophes are greater. The fires last year and hurricanes a few years ago were terrible years for a lot of insurance companies.
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They haven’t learned the lesson either. Prices are crazy low right now for CAT capacity risks. We’ll see if it bites them.
 
#10,021
#10,021
Kingston Vol said:
They haven’t learned the lesson either. Prices are crazy low right now for CAT capacity risks. We’ll see if it bites them.
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?

Premiums have been up and some markets arent even writing new business in hurricane zones. Perhaps @tomq_123 can provide some knowledge as he is direct in property. I'm in WC, GL and commerical auto
 
#10,022
#10,022
utvols88 said:
?

Premiums have been up and some markets arent even writing new business in hurricane zones. Perhaps @tomq_123 can provide some knowledge as he is direct in property. I'm in WC, GL and commerical auto
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Probably too nerdy for this forum so I’ll stop posting - but we’ve seen a lot of E&S carriers jump in with scary rates.
 
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