Insurance horror stories -- heads up!!!
14-Aug-2003, 11:33 AM
#21
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Originally posted by Insuranceman
LOL...Do you know how much tax BC residents pay to compensate for their government insurance costs?..... Your mad at insurance companies now, you'll be mad at the government later .... as for Quebec, thats a whole other story which Ontario will not follow ..... Your 10% rollback will likely happen but you'll never see Ontario Insurance run by the government ... and if you did you'd see your auto premiums drop and everything else rise ....
LOL...Do you know how much tax BC residents pay to compensate for their government insurance costs?..... Your mad at insurance companies now, you'll be mad at the government later .... as for Quebec, thats a whole other story which Ontario will not follow ..... Your 10% rollback will likely happen but you'll never see Ontario Insurance run by the government ... and if you did you'd see your auto premiums drop and everything else rise ....
Sir, you are defending a 'privelidged' industry. It's like defending banks.
The companies (all of them) are gouging, lying and inconsiderate, and from the letters that I read last week and the gazillions of stories in the media, run their companies in a fascistic style. There is no way anybody can defend 1000 percent hikes and cancellations without appeal, even in this Province of appalling drivers. Yet, there has been no Hurricane Andrew to deal with. A cataclysmic event would just posssiby allow there disgusting actions. No, it's just one word: greed!
I'm from Quebec. It worked. Splendidly, I might add.
Mad, you say. You betcha! But still clear-headed enuf that I'd not defend an industry in a forum where so many people have been so poorly treated!!!
15-Aug-2003, 07:16 AM
#22
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Originally posted by audiophilia
Sounds like you are hoping to convice yourself. You are now saying that the rollback may happen -- a little different than your 'status quo' previous post.
Sir, you are defending a 'privelidged' industry. It's like defending banks.
The companies (all of them) are gouging, lying and inconsiderate, and from the letters that I read last week and the gazillions of stories in the media, run their companies in a fascistic style. There is no way anybody can defend 1000 percent hikes and cancellations without appeal, even in this Province of appalling drivers. Yet, there has been no Hurricane Andrew to deal with. A cataclysmic event would just posssiby allow there disgusting actions. No, it's just one word: greed!
I'm from Quebec. It worked. Splendidly, I might add.
Mad, you say. You betcha! But still clear-headed enuf that I'd not defend an industry in a forum where so many people have been so poorly treated!!!
Sounds like you are hoping to convice yourself. You are now saying that the rollback may happen -- a little different than your 'status quo' previous post.
Sir, you are defending a 'privelidged' industry. It's like defending banks.
The companies (all of them) are gouging, lying and inconsiderate, and from the letters that I read last week and the gazillions of stories in the media, run their companies in a fascistic style. There is no way anybody can defend 1000 percent hikes and cancellations without appeal, even in this Province of appalling drivers. Yet, there has been no Hurricane Andrew to deal with. A cataclysmic event would just posssiby allow there disgusting actions. No, it's just one word: greed!
I'm from Quebec. It worked. Splendidly, I might add.
Mad, you say. You betcha! But still clear-headed enuf that I'd not defend an industry in a forum where so many people have been so poorly treated!!!
15-Aug-2003, 05:38 PM
#23
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Originally posted by Insuranceman
"greed" you say, lol .... I assume you have never actually looked at the books of an insurance company to see how much money they make on auto insurance ..... Of course you haven't because you are making assumtions based on your perceptions .... You do realize that out of all the insurance companies operating in Ontario less than 5% actually made money on auto insurance .... the ones that did have a yearly net income of less than $500,000, whcih means their so small that they have to make a profit ... You should probably know both sides of the story before you proclaim to know everything ....
"greed" you say, lol .... I assume you have never actually looked at the books of an insurance company to see how much money they make on auto insurance ..... Of course you haven't because you are making assumtions based on your perceptions .... You do realize that out of all the insurance companies operating in Ontario less than 5% actually made money on auto insurance .... the ones that did have a yearly net income of less than $500,000, whcih means their so small that they have to make a profit ... You should probably know both sides of the story before you proclaim to know everything ....
the most important thing is that while an insurance company is barely making profit cause they can't run there business.... EVERYONE is paying for that.... anyone that pay car insurance is paying much more then they will ever use from insurance.... so whats the point in paying someone signifigantly more then we will ever use??? i heard somewhere that 1 in 8 canadians are not insured.... i think that number is going to rise in the comming months....
15-Aug-2003, 05:43 PM
#25
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as an insurance company they should be saving all there premiums from all forms of insurance for such an event... but they spend it on whatever they do... expensive offices and board rooms.... if they are having that much trouble making profit they should look into why they are spending so much money and not just say well since you are all paying us money anyways were gonna charge you more to make up for our idiocy as an industry...
insuranceman you honestly just can't justify what is going on... your industry may have had its fun in the past but its getting shut down soon.... and you will all be unemployed.... and you wont get a tear from me.... you guys are just glorifyed(sp.) theives....
insuranceman you honestly just can't justify what is going on... your industry may have had its fun in the past but its getting shut down soon.... and you will all be unemployed.... and you wont get a tear from me.... you guys are just glorifyed(sp.) theives....
15-Aug-2003, 05:44 PM
#26
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i think the government should run a not for profit organization... if you have one speeding ticket for 10 over.... it was obviously just getting caught in a radar trap... nothing to cry about so your rates dont skyrocket.... and anyone who's got tickets for like 50 over or something well they pay insurance accordingly....
and the biggest thing and reason why i pay insurance is cause if somebodies idiot child runs into my car then my insurance company has to give them 9 mil??? wtf is that.... if people as a whole weren't so damn greedy and selfish and could admit that there child was at fault and just accept that... .rather then getting every penny from the guy who was driving normally....
and the biggest thing and reason why i pay insurance is cause if somebodies idiot child runs into my car then my insurance company has to give them 9 mil??? wtf is that.... if people as a whole weren't so damn greedy and selfish and could admit that there child was at fault and just accept that... .rather then getting every penny from the guy who was driving normally....
15-Aug-2003, 11:38 PM
#30
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Originally posted by Insuranceman
"greed" you say, lol .... I assume you have never actually looked at the books of an insurance company to see how much money they make on auto insurance ..... Of course you haven't because you are making assumtions based on your perceptions .... You do realize that out of all the insurance companies operating in Ontario less than 5% actually made money on auto insurance .... the ones that did have a yearly net income of less than $500,000, whcih means their so small that they have to make a profit ... You should probably know both sides of the story before you proclaim to know everything ....
"greed" you say, lol .... I assume you have never actually looked at the books of an insurance company to see how much money they make on auto insurance ..... Of course you haven't because you are making assumtions based on your perceptions .... You do realize that out of all the insurance companies operating in Ontario less than 5% actually made money on auto insurance .... the ones that did have a yearly net income of less than $500,000, whcih means their so small that they have to make a profit ... You should probably know both sides of the story before you proclaim to know everything ....
BTW, Walmart's books state an after tax profit this quarter of 2.5 billion. I assume you believe that, too...
Keep the faith, Insuranceman...you seem to be a steady company man
16-Aug-2003, 08:18 AM
#31
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Originally posted by PunkInDrublic
as an insurance company they should be saving all there premiums from all forms of insurance for such an event... but they spend it on whatever they do... expensive offices and board rooms.... if they are having that much trouble making profit they should look into why they are spending so much money and not just say well since you are all paying us money anyways were gonna charge you more to make up for our idiocy as an industry...
insuranceman you honestly just can't justify what is going on... your industry may have had its fun in the past but its getting shut down soon.... and you will all be unemployed.... and you wont get a tear from me.... you guys are just glorifyed(sp.) theives....
as an insurance company they should be saving all there premiums from all forms of insurance for such an event... but they spend it on whatever they do... expensive offices and board rooms.... if they are having that much trouble making profit they should look into why they are spending so much money and not just say well since you are all paying us money anyways were gonna charge you more to make up for our idiocy as an industry...
insuranceman you honestly just can't justify what is going on... your industry may have had its fun in the past but its getting shut down soon.... and you will all be unemployed.... and you wont get a tear from me.... you guys are just glorifyed(sp.) theives....
and yes, comapnies spend all their money buying apprasiers bentleys to drive in, they pass out cuban cigars on fridays and we use $100 bills in the mens room to wipe our *** with ...
16-Aug-2003, 08:23 AM
#32
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Originally posted by audiophilia
I claim nothing. You are a Sophist. My assertions are based on a huge number of sad stories, including my friends. Make no mistake (and please read carefully), love Capitalism, hate gouging.
BTW, Walmart's books state an after tax profit this quarter of 2.5 billion. I assume you believe that, too...
Keep the faith, Insuranceman...you seem to be a steady company man
I claim nothing. You are a Sophist. My assertions are based on a huge number of sad stories, including my friends. Make no mistake (and please read carefully), love Capitalism, hate gouging.
BTW, Walmart's books state an after tax profit this quarter of 2.5 billion. I assume you believe that, too...
Keep the faith, Insuranceman...you seem to be a steady company man
Edit - You mentioned Quebec's system of insurance works wonderfully .... again, one of your buddies must have told you that as well.... Quebec is Canada's leader in stolen vehicles that are re-vined and brought to other provinces and states...why? because the insurance industry in Quebec is so lax they have no system, like Ontario (Insurance Crime prevention bureau) to deal with this .... Viva Quebec , lol ......
16-Aug-2003, 09:04 AM
#33
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Originally posted by Insuranceman
Ignorance is contagious..... so are horror stories about insurance .... lol ... company man, no ..... industry believer, yes ... why you ask? because I know how it actually works .... you on the other hand think you know how it works because your buddy who got a letter from his company told you how it works ....believe what you like, i can't change that.... the fact is insurance companies are allowed to do what their doing because they can justify it .... if they couldn't the provincial government would have stepped in long ago ....
Edit - You mentioned Quebec's system of insurance works wonderfully .... again, one of your buddies must have told you that as well.... Quebec is Canada's leader in stolen vehicles that are re-vined and brought to other provinces and states...why? because the insurance industry in Quebec is so lax they have no system, like Ontario (Insurance Crime prevention bureau) to deal with this .... Viva Quebec , lol ......
Ignorance is contagious..... so are horror stories about insurance .... lol ... company man, no ..... industry believer, yes ... why you ask? because I know how it actually works .... you on the other hand think you know how it works because your buddy who got a letter from his company told you how it works ....believe what you like, i can't change that.... the fact is insurance companies are allowed to do what their doing because they can justify it .... if they couldn't the provincial government would have stepped in long ago ....
Edit - You mentioned Quebec's system of insurance works wonderfully .... again, one of your buddies must have told you that as well.... Quebec is Canada's leader in stolen vehicles that are re-vined and brought to other provinces and states...why? because the insurance industry in Quebec is so lax they have no system, like Ontario (Insurance Crime prevention bureau) to deal with this .... Viva Quebec , lol ......
I'm too old not to let a young lad have his dreams. Enjoy...
16-Aug-2003, 01:58 PM
#35
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its funny how every single thread about the insurance companies ends with insuranceman trying to justify there glorifyed theif... and at least 3 or 4 people trying to explain to him that just cause your company is losing doesn't mean you take it out on your customers.... 
if home depot started losing money and then jacked up there prices would you still shop there?? if you legally had to shop at home depot you would have no choice.... but wouldn't you rather shop at rona and save your money??
the worst part of insurance is that most of us never see a penny back from the company... and if we do then that allows them to take more of our money??
insuranceman = lost cause
if home depot started losing money and then jacked up there prices would you still shop there?? if you legally had to shop at home depot you would have no choice.... but wouldn't you rather shop at rona and save your money??
the worst part of insurance is that most of us never see a penny back from the company... and if we do then that allows them to take more of our money??
insuranceman = lost cause
17-Aug-2003, 11:39 AM
#38
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Lost cause? lol..... I'm not the one complaining of rates that won't be changed but you call me a lost cause .... Riiiiight ....
And I'm guess I'm the bad guy because I represent the other side of this "evil" industry ..... ok, if you say so ...
I don't expect to change anyone's opinion on here, I just try to show the other side of the argument, if you can deal wit the facts thats your problem not mine ..... see I have the advantage of being both a consumer who at one time paid insurance premiums so I know what your going through, but because I work for a company I also see how things operate ... You guys speculate about this stuff and make assumptions based on the media knowledge your given .... If that makes me the bad guy, oh well, I still sleep sound at night ....
And I'm guess I'm the bad guy because I represent the other side of this "evil" industry ..... ok, if you say so ...
I don't expect to change anyone's opinion on here, I just try to show the other side of the argument, if you can deal wit the facts thats your problem not mine ..... see I have the advantage of being both a consumer who at one time paid insurance premiums so I know what your going through, but because I work for a company I also see how things operate ... You guys speculate about this stuff and make assumptions based on the media knowledge your given .... If that makes me the bad guy, oh well, I still sleep sound at night ....
17-Aug-2003, 12:29 PM
#39
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Originally posted by Insuranceman
Lost cause? lol..... I'm not the one complaining of rates that won't be changed but you call me a lost cause .... Riiiiight ....
And I'm guess I'm the bad guy because I represent the other side of this "evil" industry ..... ok, if you say so ...
I don't expect to change anyone's opinion on here, I just try to show the other side of the argument, if you can deal wit the facts thats your problem not mine ..... see I have the advantage of being both a consumer who at one time paid insurance premiums so I know what your going through, but because I work for a company I also see how things operate ... You guys speculate about this stuff and make assumptions based on the media knowledge your given .... If that makes me the bad guy, oh well, I still sleep sound at night ....
Lost cause? lol..... I'm not the one complaining of rates that won't be changed but you call me a lost cause .... Riiiiight ....
And I'm guess I'm the bad guy because I represent the other side of this "evil" industry ..... ok, if you say so ...
I don't expect to change anyone's opinion on here, I just try to show the other side of the argument, if you can deal wit the facts thats your problem not mine ..... see I have the advantage of being both a consumer who at one time paid insurance premiums so I know what your going through, but because I work for a company I also see how things operate ... You guys speculate about this stuff and make assumptions based on the media knowledge your given .... If that makes me the bad guy, oh well, I still sleep sound at night ....
You quote 'facts' as if you are an 'inside' guy. You quote audited 'books' as if they were 'facts'.
You say we 'speculate' when we do not have 'confirmation'. Well, The Globe and Mail, National Post and CBC do have confirmation.
Your posts lead me to believe that you do not understand the nature of prevelidged corporate industries.
As I said, I'm a Capitalist of the first ilk, but from the many, many stories I have read and from first hand knowledge, I believe that insurance companies have an atmosphere in this Province to gouge their 'cattle' (I would not call us customers or clients).
I think you may sleep well at night, but good Lord, you are naive! There have been great works of literature written about the likes of you -- try Godot, Beckett, or O'Neill...you may recognise somebody.
I'll let you have the last kick at the can. I know you peruse this thread quite regularly. I hope you make a meet, where we can have at it face to face. I'd like to hear your debating style. Oh, bring your company's audited books, I'll bring a healthy dose of skepticism.
17-Aug-2003, 03:10 PM
#40
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Your calling me naive is certainly calling the kettle black, but I digress, I'm not here to name call.... Your information from the press is always going to be one sided, I'd love for you to show me an article written by someone in the industry (other than a broker) which supports your views .... I see your point but you fail to see the other side of things, and as stated before thats your problem, not mine ....
I simply stated the financial history of a company for reference that they do not make money on auto insurance, and of course you can prove otherwise I assume ... Each company is regualted by FISCO which is a government body set up for that very purpose, but I guess they are in on the scam as well ....
And you list names of authors who have written literature about "people like me" ... where this came from I have no idea, we were discussing the state of the insurance industry not each others character ..... but again I'm not here to call anyone names ....
You have your views and I have mine .... lets leave it at that and agree to disagree ... unless you would like to continue this....
I simply stated the financial history of a company for reference that they do not make money on auto insurance, and of course you can prove otherwise I assume ... Each company is regualted by FISCO which is a government body set up for that very purpose, but I guess they are in on the scam as well ....
And you list names of authors who have written literature about "people like me" ... where this came from I have no idea, we were discussing the state of the insurance industry not each others character ..... but again I'm not here to call anyone names ....
You have your views and I have mine .... lets leave it at that and agree to disagree ... unless you would like to continue this....
