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Monday, December 22, 2008 8:15:02 AM
Many people do not realize these insurance firms invest in other corps and trade debentures and this CEO talking of selling some other assets should let people know the reality. They pay out so very little in true losses or claims as we call them, yet fool the public with tricky talk and fancy games to make you feel for them...
I and millions of others believe policy rates should be much lower for all of us, but a greed driven enterprise like insurance, they will never get enough and always come up with more reasons or excuses or demand more in premiums from the general citizenry so they can invest in more assets globally to make their Board members mega wealthy...
I for one would love to see these POS's stock price fall below threshhold levels to force it to cease trading on regulated exchange and go to OTC market...
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