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The largest homeowners insurer in Florida is canceling the policies of 125,000 of its most vulnerable customers beginning Aug. 1, halfway through the 2010 hurricane season. The company, State Farm Florida, began sending out cancellation notices this week to nearly a fifth of its 714,000 customers, most of them in the state’s hurricane-prone coastal regions. A spokesman for State Farm said the decision was the direct result of its failure to win a 47.1 percent rate increase from state regulators. State Farm stopped writing new policies and sought the increase a year ago, saying severe losses from a series of devastating hurricanes in recent years had rendered its business model unworkable. It said that without the large increase, it would be insolvent by the end of 2011. The losses for St
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Big business....let it run free. Hands off, let the big shot CEO`s call the shots. The market will correct itself. The upside is that democrats will control the White House and Congress for decades to come--and that`s good for America. Perhaps the biggest fools who can't see the writing on the walls reside in that little speck of dust called Canada.
They scream, "Socialism, socialism....America's on the verge of becoming a communist state." Well then, if so, it'll be due to the rape, pillage and plunder of a runaway corporate America."
Thus spake Cianan the wondrous.
I know things like money and economics are not your forte, but how long do you expect State Farm to stay in business if you force it stay in a position where it loses 20 million a month.
Don't ever make the mistake of trying to make me believe you understand "money." You can't compete with me on that level.
Yes, you have definitely proven your vast knowledge of economics on this forum. Tell me again, what school of economics was taught at that diploma mill you attended?
Reagonomics was taught...lol. You don't have an MBA by chance....do you?
Reaganomics is not a school of economics. Are you sure you have an MBA?
LOLLLL . Oh my God....haha. You're so ignorant that you missed the underlying insult. Do you really want to continue this conversation?
So, somehow your display fo a total lack of knowledge in the subject is, somehow, an insult to me. Sorry, I still haven't picked up that double plus good Newspeak dictionary, yet.
Maybe you should consult that urban dictionary. It`ll give you a whole new perspective on linguistics.
Sorry, I prefer to comminicate with the real world.
I am the real world and I make my living on the internet. You're nothing to me now. What little respect I had for you is gone totally. You don't even have a degree. You're actually not even worthy to breathe the same air as I am:) We call it Google talk. So how much money do you make?
I higher and fire gits who make more than what you claim to make, which, as we know, is in serious doubt. You have yet to display that you have the knowledge nor the credentials to do anything you claim. What school of economics did you say you were taught? I'm sorry, I forgot. You have no knowledge of rudimentary economics. Silly me.
LOLLLL....you're full of *hit and you know it. Bwahhhha...haha. I'm buting up man. You got a diploma...that sounds like like pebbles bouncing off of beer cans....ping..ping...pang...ping..pang pang...haha. And all you can ask me is what school of economics I was taught. I told you....Reagonomics. It was real enough for republicans to worship for the past thirty years...lol....ping ping ....pain.....uggggg.
So, you're still sticking to that story of attaining an MBA without having to know anything about finance or economics. This is getting a little thin, even for you.
:) What is your income. It will be proof beyond doubt that your understanding of what makes the world go round is on par with mine..
What is your income?
I guess we're at an impass. You can't show that you have the requsite knowledge to earn an MBA and I won't answer rude questions.
You can't show me that you have the requiste knowedge to earn a substantial living. Again, bring the matter to light and reveal your income. My income is proof of the MBA. Can you prove likewise?
My knowledge is my proof. Where is the proof of your knowledge?
The proof of my knowledge is in my income: I submit that your income is the telling proof of your knowledge.
We're not at an impasse, because my ability to prove my income by devulging what I do and how I do it will meet the standard. You, on the other hand, lose the arugment because you can never prove that you're tellng the truth. You're arugement is based on the assumption that the forum will blindly believe what you're saying. I on the other hand am willing to equate my education with the ability to earn a substantial living.
You lose--I win. Thus spake Cianan the wondrous.
Your "devulging" what you do and how you do it mean absolutely nothing as you have proven you lack the requsite knowledge to make that possible. I have no doubt that you`ve made a few bucks off the internet, but then again so has my daughter. As far as I can see she has a better chance in life, with her current knowledge, of making something of herself than you do with the knowledge you have put forth here.
Yawn. Thanks for the vote of confidence in my favor. I on the other hand have no doubt you`re a fraud and man lacking any real education or higher learning credentials. I only hope your daugher can escape the reservation mentality and do something positive with her life. With enough insight, she might even grow up to identify with other First Nation People.
Actually, being from my first marriage, she has more Italian and Egyptian ancestry than anything else. Also, she is the second generation to be born off the Rez and the third to live off the Rez. We still keep some property there, but I use it more fo a hunting lodge.
I do hope my kids keep the "reservation mentality". Our family background and values are, in part, responsible for how far we have come in life.
To hell with State Farm. No one if forcing State Farm to stay in business. Qualify that statement junior, if you think you can.
State Farm made a proper business decision. Just the sort of decision it's shareholders have a right to expect. I don't have a problem with it.
Treb:
Our friend understands neither insurance, economics nor business. I have been a loyal customer of SF for going on 30 years, yet when I bought a condo in Florida in 2004 they would not insure it. Big deal. Did I curse the darkness or SF, no of course not. I simply found a carrier who would accept the risk.
This is property insurance not health insurance, where the status of your health doesn't change if you switch carriers, simply find one of the huge array of carriers who will insure you.
SF has every right in the world to say no, it makes no sense at these rates to offer the coverage. The real problem here again is government oversight who wouldn't let SF raise premiums commensurate with risk. Eliminate government meddling and SF would sell the policy and all of us would be free to decide who to buy it from.
You`re position of understanding ecoomics, insurance and business is always second place to me Marlowe. There has to be a safety net in determing what a corporation can charge....going forward. People paid good money into a system they believed would be there for them. Consider their slogan, "Like a good neighbor, State Farm is There."
The problem with your limited thinking is that it doesn`t take into account the consumer can be bilked by anyone gaming the market. Anyone coming in can pull the same thing over and over at will. What prevents a company from buying out State Farm, making the same promise...raising premiums and taking off with the profits? Of couse your anwer wil always be---the corporation has the inherent right.
Once again, Cianan has the better argument. By the way, don`t every call me friend. If I found you walking down the street you`d receive bodily harm:) Just make sure you and your girlfriend (treb) are holding hands. Two birds with one stone is a better ROI.
Change carriers if they are gaming you
You don't get it do you? That process can continue indefinitely! Change one, change a thousand. This is why you can't convince people to let the corporations run wild. This is why there will always be dems to take over the White House and enact common sense policies.
Are you claiming that the average American is incapable of reading and understanding their policy before signing it. You tried this same argument with mortgages and failed utterly.
Why do you have such a dim view of the average American`s intelligence? Why can you not, at the least, view them as adults who are responsible for their own actions?
I am not even an American, but at least I have a better opinion of Americans than yourself.
You keep missing it because you don't understand life....period. I've never encountered such an ignorant soul that claims to be so informed.
A foam rubber bat is what I have in mind for all right winguts. Waterboarding will follow.
I fail to understand how he managed to get an MBA, if he actually did get one, without showing any familiarity with basic economics or business principles. I have to ask if this USC he talks about is an actual accredited school, or is it one of these places that will mail you a diploma for the right price.
In Canada an MBA is a master's degree in business administration. I have to ask, does it mean the same thing in the US? If it does mean the same thing, how does one get one without being taught economics or business?
While I do find myself disagreeing with him on occasion, I had thought that he was at least, within his own world view, honest. I am currently finding it hard to believe this and am currently considering not giving him the benefit of the doubt any longer.
The degree means the same thing here, however I doubt he earned one. One thing is certain. SF doesn't want to eliminate a market like Florida, the only reason they would do that is they are convinced that not to do so would bring ruin upon them.
LOLLL....sure....jealous and feeling undereducated?
Own another home in Florda? Well then, I own another home in Ohio:) You wanna see who can pee pee the furthest?
Now you're really showing your ignorance...chuckle. You've never heard of SC?
I have done my research. There are two USCs in the US. Neither of them are world class schools.
LOL....first, you never heard of USC which shows me you've been sheltered much too long. Second...USC is good enough for me:)
I have no doubt USC is good enough for you. An extremely low ranked school plus Affirmative Action would explain quite a bit.
Yep, USC is good enough for me:) Beats that two-year diploma you sent away for...chuckle. It tells me a lot about you though. i've noticed in my life that the more education a person has, the more at ease and relaxed they feel with language and expression. You've been pressing and straining from day one--and now I know why:)
At least I speak English.
Whatever you speak, it’s not money! What’s your yearly take? Just give me a number. You've already told me what you do. Let's see if you've got any sand. How much do you make?
Please refer to comment #34. BTW, I just had a good dump. Those USC MBAs hanging beside my toilet sure are soft on the skin.
Obama (Columbia and Harvard), Larry Summers (MIT and Harvard), Tim Geithner (Dartmouth and Johns Hopkins), and (Princeton and London School of Economics) .
Sarah Palin? Well...I don't think we need to go there. McCain, Bush, .......what?
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