Insurance of any kind is nothing more than another Wall Street Financial Racket whereby people make money off other people’s money
Maybe after we deal with health insurance we can turn to other forms of insurance.
The Dallas Morning News, 09/14/09
Terrence Stutz of the Dallas Morning News reported Monday “that the cost of liability coverage for drivers jumped more than 10 percent in most parts of Dallas County and surrounding areas. Liability coverage makes up about half the premium for a typical auto policy.” Alex Winslow, Executive Director of Texas Watch, was critical of the increase, saying that “A double-digit increase in one year is a lot, particularly in tough economic times.” The head of the Office of Public Insurance Council (OPIC) Public Insurance Counsel Deeia Beck stated that “her analysis of rates indicates that recent rate hikes – particularly in auto insurance – are largely the result of poor returns on insurance company investments.”
Learn More: The Dallas Morning News
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