Questions About Auto Insurance & Accidents

If a person thinks the insurance industry controls - they don't know the duties of fifty different state insurance commissioners and the clout they have.

LOL

that! Speaking from experience, I know the CA insurance commissioner is just a puppet of the insurance industry. I put in a few "department of insurance" complaints against Bristol West/Coast National Insurance years ago complete with full documentation and everything they asked for I provided and responded to promptly. They have zero teeth, zero clout, and zero power.

From what I could tell, they solely exist to promote the insurance lobbies propaganda and get laws changed/fixed to their benefit.

Replies to this message:

euphonium (Mar 21, 2013 8:58 pm)
- andres3 (Mar 21, 2013 9:02 pm)

#5219 of 5324 Re: POP QUIZ [andres3] by euphonium

Mar 21, 2013 (8:58 pm)

Replying to: andres3 (Mar 21, 2013 3:58 pm)

The CA insurance commissioner's office contacted Bristol about your complaint and after hearing their side of the situation came to the conclusion that Bristol didn't do any wrong or violate any regulation.

Your emotional and subjective documentation was dealt with accordingly. Next time hire an attorney to represent you.

Replies to this message:

andres3 (Mar 21, 2013 9:02 pm)

#5220 of 5324 Re: POP QUIZ [euphonium] by andres3

Mar 21, 2013 (9:02 pm)

Replying to: euphonium (Mar 21, 2013 8:58 pm)

The only side that was emotional and subject was the insurance side... sorry to burst your bubble. I just hit them with hard, cold facts.

Actually, they admitted an "examiner" error, but it was pretty much, "Oh well!" Our bad.. too bad for you!" Nothing we can do about our mistake that cost you lots of money!!!

So yes, I got them to admit a mistake was made, but I guess the $$$ amount involved wasn't enough for me to hire a lawyer, and they probably bet on that, rather than acting in good faith and paying for their mistake.

#5221 of 5324 Why Have Auto Insurance Profits gone UP by andres3

Mar 25, 2013 (11:18 am)

Question of the Decade for this forum:

Why have auto insurance company profits gone up. I've heard as little as .73 cents on the premium dollar gets paid out in claims.

What would cause this rise in profit margins?

My answer is this:

Automated Enforcement Camera's!

Bogus tickets result in additional premiums without any further consideration or work on the part of insurance companies. Since these tickets are not related or correlated to safety in any way, they result in DECREASED accident rates, but INCREASED ticket rates.

The reasons for decreased accident rates are many, but camera enforcement is not one of them. All unbiased studies show red light cameras increase accident rates.

Increasing tickets = increased premiums.

Decreasing accidents = lowered claim payments

It's a win win for the INsurance cabal.

Replies to this message:

Mr_Shiftright (Mar 25, 2013 11:54 am)
- michaell (Mar 25, 2013 1:19 pm)
- andres3 (Mar 25, 2013 2:19 pm)
euphonium (Mar 25, 2013 1:10 pm)
- andres3 (Mar 25, 2013 2:47 pm)

#5222 of 5324 Re: Why Have Auto Insurance Profits gone UP [andres3] by Mr_Shiftright HOST

Mar 25, 2013 (11:54 am)

Replying to: andres3 (Mar 25, 2013 11:18 am)

I've heard, but not followed up on, that motorists are attempting to mount a defense against these cameras by arguing that they constitute "hearsay" evidence.

It's interesting but I have no idea how successful it's been.

Since there is no live "witness" to your crime, there is some logic to it. Speeding tickets are issued by officers, parking tickets by agents, etc.

Replies to this message:

michaell (Mar 25, 2013 1:19 pm)
andres3 (Mar 25, 2013 2:19 pm)

#5223 of 5324 Re: Why Have Auto Insurance Profits gone UP [andres3] by euphonium

Mar 25, 2013 (1:10 pm)

Replying to: andres3 (Mar 25, 2013 11:18 am)

What would cause this rise in profit margins?

If you ever read a company's financial statement you will perhaps learn about Investment Income which helps investors & the payment of claims.

"Profit" is not a four letter word.

Replies to this message:

andres3 (Mar 25, 2013 2:47 pm)

#5224 of 5324 Re: Why Have Auto Insurance Profits gone UP [Mr_Shiftright] by michaell

Mar 25, 2013 (1:19 pm)

Replying to: Mr_Shiftright (Mar 25, 2013 11:54 am)

I've heard, but not followed up on, that motorists are attempting to mount a defense against these cameras by arguing that they constitute "hearsay" evidence.

Something like that happened here in Denver. A bunch of speed camera generated tickets were thrown out as the law stipulates that they must be delivered to the offender by a peace officer. As the robo-tickets came in the mail, they failed to pass this test.

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