Quote:
Originally Posted by Tcoat
Their whole business revolves around paying out money. What they do not want to do is pay out money above and beyond what they charged for based upon the established/determined risk. That is not a bad thing since it keeps the costs down for those that do not have the same level of risk.
|
I grew up in the insurance world. This is spot on. Glad there are people who don't demonize insurance companies.
Often, I feel that folks see insurance agencies as some sort of government agency, when its actually a regular for-profit business that can't just hand out cash willy nilly.