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- Newsgroups: rec.autos.driving
- Path: sparky!uunet!charon.amdahl.com!amdahl!rtech!decwrl!ames!purdue!mentor.cc.purdue.edu!noose.ecn.purdue.edu!rainbow.ecn.purdue.edu!rjwade
- From: rjwade@rainbow.ecn.purdue.edu (Robert J. Wade)
- Subject: Re: I'll have a PBJ please.
- Message-ID: <1993Jan27.195252.650@noose.ecn.purdue.edu>
- Sender: news@noose.ecn.purdue.edu (USENET news)
- Organization: Purdue University Engineering Computer Network
- References: <1993Jan23.061209.26866@leland.Stanford.EDU> <5a3ZXB4w165w@major.panix.com>
- Date: Wed, 27 Jan 1993 19:52:52 GMT
- Lines: 24
-
- In article <5a3ZXB4w165w@major.panix.com> dos@major.panix.com (Dave O'Shea) writes:
- >tedebear@leland.Stanford.EDU (Theodore Chen) writes:
- >
- >> In article <s6VqXB2w165w@major.panix.com> dos@major.panix.com (Dave O'Shea) w
- >> >Having worked for an insurance company, I can tell you in no uncertain
- >> >terms that private car insurance is not profitable at all; most
- >> >companies sell it only because it is required if they wish to sell
- >> >other, more profitable lines, within the same state.
- >>
- >> question: when you say "not profitable at all, does that include
- >> the money they make by investing the premiums collected?
- >
- >I mean not profitable in the sense that often the premiums are not
- >enough to cover claims; any profits from investing the premiums are
- >minimal, and not worth the effort involved with having to handle
- >the consumer market.
- >
- >
- oh...so that is why all the insurance companies went out of business years
- ago...they just lost too much money.
- >--
- >4x4 owners do it in the mud. And snow. And dirt. And rocks. Kinky, huh?
-
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