31–40 of 241 posts
Earlier quoted context omitted.
I mean I rather companies just be more clear and simplistic w/ their language.
They have to keep it vague for plausible deniability during potential lawsuits.
All I see in the article is the discussion of "profits". I would think the PR department could come up with something about "trying to keep costs competitive for our customers" or something like that. Instead they're telling California and Florida customers to take a hike ... along with 11% of their employees. When is the last time we heard a company enact a company-wide, 50% cut in officer's salaries and a freeze on…
I hate to be that person, but this is the future. Because of climate change, more of our country is barreling towards "uninhabitable". It's not Farmers fault that we released too much CO2 and now wildfires and hurricanes are way worse and getting even more worse. If the people of California and Florida want insurance so they can build matchbox houses in high risk disaster zones, then they can start a public insurance…
Earlier quoted context omitted.
Investors for one, I get annoyed at overly generous executive pay because it costs me money.
It'd be great for investors if the top positions were paid mostly / entirely in stock. That way we can entice a good CEO with high pay and our interests will still align.
I really don't think an insurance company should have 24,000 employees. Even 240 employees sounds like too many to me. They serve 10 million customers. Nearly every customer should be able to use an entirely automated online form for signing up and for making insurance claims. Claims should be settled entirely with the customer uploading a 1 minute video showing what damage occurred, plus the bill to fix it. Assume 1…
I really don't think an insurance company should have 24,000 employees. Even 240 employees sounds like too many to me. They serve 10 million customers. Nearly every customer should be able to use an entirely automated online form for signing up and for making insurance claims. Claims should be settled entirely with the customer uploading a 1 minute video showing what damage occurred, plus the bill to fix it. Assume 1…
All I see in the article is the discussion of "profits". I would think the PR department could come up with something about "trying to keep costs competitive for our customers" or something like that. Instead they're telling California and Florida customers to take a hike ... along with 11% of their employees. When is the last time we heard a company enact a company-wide, 50% cut in officer's salaries and a freeze on…
Could this also be as a result of cancelling policies in certain states? For example, withdrawing from Florida means an entire FLorida team/department is no longer required or in as much quantity.
Earlier quoted context omitted.
Investors for one, I get annoyed at overly generous executive pay because it costs me money.
It'd be great for investors if the top positions were paid mostly / entirely in stock. That way we can entice a good CEO with high pay and our interests will still align.
https://www.zurich.com/-/media/project/zurich/dotcom/investo...
You can see executive compensation details in any 10-K. But people still like to use the nominal values of the shares to stoke emotions.
Earlier quoted context omitted.
I hate to be that person, but this is the future. Because of climate change, more of our country is barreling towards "uninhabitable". It's not Farmers fault that we released too much CO2 and now wildfires and hurricanes are way worse and getting even more worse. If the people of California and Florida want insurance so they can build matchbox houses in high risk disaster zones, then they can start a public insurance…
They did, from federal taxpayers. https://en.wikipedia.org/wiki/National_Flood_Insurance_Progr... From my understanding, this subsidy to people living in flood prone areas was basically untouchable due to Florida’s status as a swing state. I wonder if that has or will change due to Florida no longer being a swing state.
Florida may turn into a swing state again. There's a lot of demographic changes occurring there.
All I see in the article is the discussion of "profits". I would think the PR department could come up with something about "trying to keep costs competitive for our customers" or something like that. Instead they're telling California and Florida customers to take a hike ... along with 11% of their employees. When is the last time we heard a company enact a company-wide, 50% cut in officer's salaries and a freeze on…
Why are people surprised when a company operates in its’ own best interest? Why should we expect anything else? Insurance companies are just about moving dollars around and hedging risk. Being perturbed about this is like being mad about your dog barking at the mailman. If someone said I’m going to start free climbing the tallest buildings in the world - but I need insurance - the company will tell you to get lost be…
I assume it's because of natural disasters such as Fires, Hurricanes, and sea level rise?