to citizens. could it be that insurance companies have a strong lobby ? and rape america for billions of dollars each year
2007-03-28 07:07:23 · 10 answers · asked by Anonymous in Politics & Government ➔ Law & Ethics
a citizens insurance company
paid for by citizens / subscribers
to wizjp - no law mandates that you eat
2007-03-28 08:36:17 · update #1
steelers- and that's why china will break into the us car market by exporting MG s from china, and 6000 brits lost there jobs because auto workers in china will earn 10 dollars a day and bush cares nothing of real fair trade or human rights.
davethen - it costs X to insure and X to operate. how difficult is that to figure out ?
2007-03-28 09:21:50 · update #2
You have to have food to live; why are there no non-profit grocery stores? No law mandates you have insurance either; only if you CHOOSE TO DRIVE
America is a free market. Businesses have stockholders who invest in them to create business; they expect the business to return a profit.
2007-03-28 07:11:27 · answer #1 · answered by wizjp 7 · 3⤊ 0⤋
HA - rates are highly regulated and the only component of insurance where there is significant flexibility is P&C, and most P&C companies were unprofitable from an operating standpoint from 9/11 through 2004.
2007-03-28 07:11:34 · answer #2 · answered by Anonymous · 1⤊ 0⤋
Does this even need to be answered - BECAUSE THERE IS NO PROFIT IN A NON-PROFIT INSURANCE COMPANY - WHY WOULD THEY GO INTO IT. What are you, a communist? I have a better question for you - If auto insurance is required by law, why is there "uninsured motorist" insurance? By the way - home owners insurance is not required by law - it is required by whoever owns your mortgage contract. If you pay off your house, you don't have to have insurance.
2007-03-28 07:20:49 · answer #3 · answered by True Grits 3 · 2⤊ 0⤋
It is mandated, by law, to have auto insurance. Why should there have to be a non-profit insurance company?
Insurance companies, like any other business are in business to make money!
2007-03-28 07:15:13 · answer #4 · answered by JessicaRabbit 6 · 1⤊ 1⤋
Because driving a car is a privilege, not a right. You can shop and compare rates and save alot of money on auto insurance.
2007-03-28 10:15:46 · answer #5 · answered by Anonymous · 0⤊ 1⤋
If you look into the major stock holders of all the major insurance companies, you'll find at least one if not more politicians high up as a stockholder and those politicians love to steal...I mean make you money theirs.
2007-03-28 08:20:40 · answer #6 · answered by Kevin A 6 · 0⤊ 1⤋
Maybe it is the fact that big business runs america and the free trade world.
2007-03-28 07:11:28 · answer #7 · answered by steelerspride24 3 · 0⤊ 2⤋
Please explain how you think a non profit insurance company would work.
2007-03-28 07:15:59 · answer #8 · answered by davethenayber 5 · 1⤊ 0⤋
Sounds like a great idea. Why don't you start one?
2007-03-28 07:11:28 · answer #9 · answered by desotobrave 6 · 1⤊ 2⤋
yep that is about it.
2007-03-28 07:10:57 · answer #10 · answered by Anonymous · 1⤊ 1⤋