Thread: Auto Insurance
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Old 08-08-2006, 02:41 PM   #5
firstdown
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Join Date: Oct 2004
Location: chesapeake, va
Age: 61
Posts: 15,817
Re: Auto Insurance

Quote:
Originally Posted by TheInspector
Unfortunately, that is the name of the game. Since the insurance company is a corporation, they must make profits. If they don't make profits, then the stockholders will fire the corporate officers--and the stockholders only care about their return on investment--not about ethics. This is exactly the type of behavior which gives me a terrible feeling about insurance in general.
Statefarm is not a stock company and does not sell shares of stock so they do not have stockholders to answer too.
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