What types of policies have been losing money for insurance companies?

Question

Are property insurance policies in Florida (Hurricane area) still costing insurance companies? Any other kinds?

Answer 1

Homeowners, pretty much across the board. Workers compensation, and auto, are the three biggest "losers". General liability goes in spurts, when you start hearing about class lawsuits. Recently, it was the HVAC (heating and cooling) contractors, being blamed for mold issues in houses.

That's why it's pretty hard, and pretty expensive for HVAC guys to get insurance any more.

Homeowners and auto, the industry average is about $1.05 paid out for every $1 paid in. For homeowners, if you exclude hurricanes, it's dog bites and trampoline injuries.

For auto and workers comp, those are the two biggest fraud areas in insurance.

Answer 2

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RE :What types of policies have been losing money for insurance companies?
Are property insurance policies in Florida (Hurricane area) still costing insurance companies? Any other kinds?
Follow 7 answers

Answer 3

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RE :What types of policies have been losing money for insurance companies?
Are property insurance policies in Florida (Hurricane area) still costing insurance companies? Any other kinds?
Follow 6 answers

Answer 4

in case you enable human beings to purchase insurance basically while they understand they desire it, the insurance industry will pass broke right this moment, and there will be no insurance for everyone. Why no longer enable human beings to pass devoid of automobile insurance till they have an accident? does no longer or no longer that's great to shop a lot of funds by technique of no longer identifying to purchase automobile insurance till you desire it? Then, when you have an accident, you pay some hundred funds for some months of insurance, get the insurance employer to pay thousands on your accident, and then drop the insurance good when you get your examine. are you able to understand why this would not paintings? below our contemporary regulations, human beings are allowed to pay for their healthcare desires themselves. while B0care kicks in, you would be a slave to the bureaucrats. even once you're keen to loan your place, max out your credit taking part in cards, and borrow from all human beings you recognize, you isn't allowed to get scientific interest on your pal or your self devoid of the government's permission. in the event that they choose on your youngster is in basic terms too sick to stay, your youngster dies. there will be no court that may tension them to alter their decision like there is now. That little woman that desires a lung transplant? The Feds desperate that she ought to easily die with the aid of fact she's too high priced. think of if that have been your youngster and you have been sitting on a million funds. you will ought to pass away the country to shop her existence. you isn't allowed to pass outdoors the device. that's what we are combating approximately - very own accountability and private options. .

Answer 5

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RE What types of policies have been losing money for insurance companies?

Are property insurance policies in Florida (Hurricane area) still costing insurance companies? Any other kinds?

Answer 6

Get insurance quotes

Answer 7

There are several comparison sites but I liked this one to get quotes for free: HELP-INSURE.NET

Answer 8

None that i know of, they rarely pay fairly on genuine claims these days, they think everyone is ripping them off! Trouble is, they're probably half right!

Answer 9

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