Technology is changing how we buy insurance

Discussion in 'Economics' started by nitro, Feb 16, 2016.

  1. nitro

    nitro

    tom2 likes this.
  2. whats the problem.....specifically?
     
  3. Would you care elaborate why insurance companies are ripoffs?

    There are some insurances that are a must.

    Health Insurance
    Home Owners
    Flood Insurance in some areas
    Car Insurance, particularly liability

    Now, if you want to discuss the benefits we receive after we are entitled, that's a whole different story and I agree, they will look for all sort of loopholes and delay to not deliver, not to mention once you make claims "flags" are raised in the system, many times, they might even drop you as a customer.

    Thank you for the link, very nice read.
     
  4. Good comments;
    [a]AIG, ,{B} BAC, [c] C..... certainly tried to rip US tax payers off.But payday someday; or as they say in chicago- ''the chickens come home to roost.LOL'' Great Chicago chicken[clergy] comment!!
    Mr Iron maiden; good comments generally speaking, but no need to automatic buy flood insure..... can self insure.[Maybe a bank requirement in a flood zone]And'' Health'' is much more important than health insurance.Health insurance can be like saying one uses tow truck insurance instead of an auto oil change. Thank you for your thoughtful comments; i like to study Insurance co positions in stocks=its a lot........................... Insure companies are good about figures in risk management-NOt a prediction.Thanks Nitro