[CSX 4039]

Quote fron David Gagnard;

"Auto insurance in general is not a profitable business,homeowners insurance and life insurance is where any company makes it's money. I can quote you numbers till my fingers are tired of typing,but, suffice it to say auto insurance is a losing propsition as far as making a profit goes......".


Thought:
If the auto insurance industry did not make profit, as a whole, in car insurance, they would not do it. Period. End of discussion. The members of the Board of Directors of Whiner's Mutual of Padukah is appointed, and has a fiduciary responsibility to oversee the making of a profit for the owners of the company (the shareholders). To think that they agree to insure cars for charitible or nonprofit reasons in naive, and IMO, unduly influenced by industry generated and managed statistics. Civic duty and moral responsibility certainly did not keep all but three of the medical malpractice insurance carriers from pulling out of Texas when it was no longer profitable. HOGWASH.
I pay $750/ year for agreed upon value or $130k from Dan Hardimann (CC member who owns an SPF).