Comment

Oh Noes! Even Big Bird's Losing It!

219
FrogMarch10/02/2009 7:43:02 am PDT

re: #210 lawhawk

That’s how insurance works - the company makes money by putting the spread between claims and receipts from premiums. If you have more demand for services, the result is either that insurance companies increase the premium or reduce their spread (reducing their profits). Insurers generally have around a 3% profit margin.

That’s right. A 3% profit margin.
/Those greedy bastards.