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Old 04-18-2007, 06:55 PM
 
Location: Fort Lauderdale, FL
518 posts, read 2,226,303 times
Reputation: 268

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This item's from the South Florida Sun-Sentinel. Something to think about when you get your homeowners insurance bill or when you read about insurance companies crying the blues about the need for higher rates. Even in 2005, they made a ton of money:

Insurers enjoy record 2006 with $63.7 billion in profits
The nation’s property/casualty insurers collected record profits in 2006, a year after suffering record hurricane losses, industry groups reported Wednesday.
The industry’s net income rose to $63.7 billion in 2006 from $44.2 billion in 2005, according to the ISO, a risk information service, headquartered in Jersey City, N.J., and the Property Casualty Insurers Association of America, an industry trade group. based in Des Plaines, Ill.
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Old 04-19-2007, 06:31 AM
 
Location: So. Dak.
13,495 posts, read 37,444,374 times
Reputation: 15205
HMMMM, and to think they have to keep dropping people cause they don't make enough $$. Guess that also explains how they can pay their retiring executives several hundred thousand a year.
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