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 Now the insurance companies are at it

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Diseasel




Posts : 1490
Join date : 2013-02-28
Location : About Mid AZ

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PostSubject: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 13th 2013, 3:19 pm

A report from a 1 year study shows too many insurance companies are taking excess risk with our money. The insurance businesses are suppose to be tightly regulated. Of course money trumps government regulations so insurance companies have loop holes. 

Apparently insurance companies are creating shell companies to invest in risky ventures. It sounds like they're reinsuring existing policies almost like the banking industry did when repackaging crappy mortgages. 

Insurance companies are suppose to invest their conservative monies with low risk investments. It could be another bubble pop when the market starts to hit the skids.

http://www.cbsnews.com/8301-505123_162-57589011/insurers-fattening-books-with-loads-of-risk/
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ggbaird




Posts : 1925
Join date : 2013-02-27

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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 13th 2013, 4:32 pm

Insurance companies are right up there with banks and politicians, all competing to see who the biggest thief is!
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joemac

joemac


Posts : 1916
Join date : 2013-04-17
Location : Texas

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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 13th 2013, 10:17 pm

Now the insurance companies are at it Sold_Glory_The_Corporate_States_of_America
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TheQuig

TheQuig


Posts : 2590
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Age : 70
Location : The Jersey Shore

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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 15th 2013, 11:17 am

I received a letter from my flood insurance company stated I had to sign a form to prove I live in my house 80% of the year or my flood insurance will go up another 75%. I guess they haven't read FEMA is pulling back the flood zone to be farther away from my house. I pay $880 for flood, $1600 for the regular house policy. Its time to move.

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Don't believe everything you read on the internet- George Washington.
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joemac

joemac


Posts : 1916
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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 15th 2013, 4:09 pm

Tell them time out on the flood insurance.  Inform them you'll just tap the $60 billion that Christie stole from the federal tax payer stash if you ever need any help.  For $60 billion everyone in the state should have gotten a brand new 5500 sq foot dwelling with  50 acre lot.
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TheQuig

TheQuig


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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 15th 2013, 6:07 pm

Christie is against the raises and the flood maps that FEMA put out. On Monday were supposed to see the revised edition of the maps that pushes the boundaries back. Having salt water 200' from my house, I don't see them changing that much. In the last flood, our property never got flooded. If that was the 100 year storm, common sense would say we are safe. But as we know, the government has no common sense.

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Don't believe everything you read on the internet- George Washington.
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joemac

joemac


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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 15th 2013, 11:15 pm

Government, sense, never in the same sentence unless sense is preceded by "non".    So what is Christie doing with that $60 billion?
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TheQuig

TheQuig


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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 16th 2013, 3:59 pm

I don't know what you mean about the 60 million he took. Maybe I missed it in the news. I do know I have submitted over 150K to FEMA, and another 200K they promised us for improvements and so far we have seen 5K. Someone is holding onto money. I also understand the Red Cross has to answer why they are holding onto 110 million that was donated to them for hurricane Sandy.

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Don't believe everything you read on the internet- George Washington.
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joemac

joemac


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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 18th 2013, 5:26 pm

$60 billion.  Reading through the bill it's laden with projects and pork of which have nothing to do with any disaster effort.  One person stated pork had been calculated at $24 billion.

http://articles.washingtonpost.com/2013-01-15/politics/36385456_1_chris-christie-final-package-majority-of-democratic-votes

Surprised you hadn't heard about this major federal gift from the US tax payer credit card.
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TheQuig

TheQuig


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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 18th 2013, 7:04 pm

I can see that the money has gone to hurricane relief. One person stated pork had been calculated at $24 billion, who is that someone? Where exactly did the money go? The article doesn't say what beside storm aide what is was spent on. When the gulf states were destroyed by Katrina, Federal money went there same as here with Sandy. There are no specifics in the January article. Up until the hurricane I was no Christie fan, now I will back him.

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Don't believe everything you read on the internet- George Washington.
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joemac

joemac


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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 18th 2013, 10:58 pm

It's a rather recent change that we pay exorbitant amounts of money to fund so called diaster relief.  This has not always been the case.  Do these individuals and business not carry insurance?  And if not, is it the rest of America's responsibility to back them financially for not caring insurance?  Then again very little if any of this money will make it into Main Street.  A vast majority will be consumed by the vulture power brokers who run in the connected group.

http://www.ijreview.com/2013/01/30939-superpork-bill-60-billion-sandy-relief-bill-full-of-graft/


  • $13 billion would go to “mitigation” projects to prepare for future storms.
  • $197 million “to… protect coastal ecosystems and habitat impacted by Hurricane Sandy.”
  • $8 million to buy cars and equipment for the Homeland Security and Justice departments.
  • $150 million for the National Oceanic and Atmospheric Administration to dole out to fisheries in Alaska.
  • $10.78 billion for public transportation, “most of which is allocated to future construction and improvements, not disaster relief.”
  • $17 billion for wasteful Community Development Block Grants (CDBG), “a program that has become notorious for its use as a backdoor earmark program.”
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joemac

joemac


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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 18th 2013, 11:01 pm

http://www.breitbart.com/Big-Government/2013/01/16/60-Billion-Sandy-Bill-Larded-With-Pork
On top of the $17 billion bill, Rep. Rodney Frelinghuysen (R-NJ) offered another amendment that added $33.7 billion to the aid package. That measure passed 228-192, with 20 Republicans from unaffected areas voting for it. As Human Events notes, the Frelinghuysen amendment was loaded with superfluous spending, including “$500 million for weather forecasting and to help create an ocean zoning plan–the later one of Obama’s pet projects. Also included are $10 million for FBI salaries $2 billion for road construction across the country, as well as funding for the Head Start program, roof repairs at the Smithsonian, and $150 million for fisheries across the country.”
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TheQuig

TheQuig


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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 19th 2013, 6:54 pm

I know FEMA has asked me to come up with a list for Mitigation money. I have a $200K list of upgrades and equipment purchases but I haven't talked with them in 2 months and they are not in a hurry to give out the money. It's here, so why aren't they giving it out?

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Don't believe everything you read on the internet- George Washington.
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joemac

joemac


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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 19th 2013, 8:50 pm

Anytime government is invoved corruption and inefficiencies abound.
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Diseasel




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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 20th 2013, 1:20 am

TheQuig wrote:
Quote :
I know FEMA has asked me to come up with a list for Mitigation money. I have a $200K list of upgrades and equipment purchases but I haven't talked with them in 2 months and they are not in a hurry to give out the money. It's here, so why aren't they giving it out?


They're probably investing that money in the market just like the banks.
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TheQuig

TheQuig


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PostSubject: Re: Now the insurance companies are at it   Now the insurance companies are at it EmptyJune 20th 2013, 8:53 pm

I think they have to wait for the printing presses to catch up to the demand.

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Don't believe everything you read on the internet- George Washington.
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