Quote:
Originally Posted by Tobys Dad
Progressive is not renewing on our 13 year old home. Even if we replaced the roof. State Farm, AAA not writing policies. Sad state of affairs.
|
It sure is. I noticed on another on line forum it's all blamed on the governor by a majority of those posting. While I am sure there is plenty of "blame to go around" as the old saying goes, seems to pin it on one governor, or one president, or even one political party reveals very shallow analytical skills; lots of variables involved like in most situations. I do believe there was a time when starting an insurance company was a risk; some profitable years, some years of loss, but over all, profitable or no one would have started an insurance company, just have to accept it was an "up and down" business. Much like the pharmaceutical manufacturers, up and down, sometimes a HUGE hit, like a polio virus drug, or an effective drug for diabetes or heart problems. But, when attracting stockholders, it's a different story. Investors are not looking for "up and down" investments in an insurance company or a pharma manufacturing company. "Risky" businesses, "risky" by their very nature, have to be turned into dependable profits and low volatility... hard to achieve if weather is a deciding factor, or, if your business depends on discovering more and more "diseases" !