The cost of insurance has skyrocketed, making owning a home or a car far more expensive. Insurance companies claim higher prices are justified by higher risks, but we found they are keeping more of our premium dollars than ever. And last year, they made record profits. Watch:
If they were not making large profits they would not stay in business. There is a reason especially after some disaster unfolds your premiums will go up. The funnier part of all of this is either by law or by contract if you want something i.e. a home you have to carry insurance. It's nearly as bad if not so as taxes.
Yep , western NC and Tennessee has learned about the insurance scam in the last few yrs ,,,, for a good bit of these folks ,, the insurance payout ,, doesn't amount to what was paid into for 20 yrs ,,,
