TwinTurbo.NET: Nissan 300ZX forum - You mean insurance is not a charity?
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Subject You mean insurance is not a charity?
     
Posted by bartz32tt on September 03, 2014 at 10:04 AM
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In Reply To insurance companies are FOR PROFIT posted by genic on September 02, 2014 at 01:53 PM
     
Message And companies in general don't offer their services out of the goodness of their own heart? Go figure.

The real problem is not the companies themselves; but rather, greedy dead-beat users who commit insurance fraud, pissing in the pool for the rest of us honest policy holders. Thank them for your premiums going up.

"The total cost of insurance fraud (non-health insurance) is estimated to be more than $40 billion per year. That means Insurance Fraud costs the average U.S. family between $400 and $700 per year in the form of increased premiums." source: [ http://www.fbi.gov/stats-services/publications/insurance-fraud ]

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