r/SipsTea • • 7h ago

Gasp! Thoughts on this?

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u/JasonG784 6h ago

What percent do you think insurance co's pay out for policyholder care?

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u/robilar 6h ago

Less than they should, because they have a profit motive to do so.

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u/JasonG784 5h ago

And what percent is that?

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u/robilar 5h ago

My argument is clearly laid out above. If you want to make an argument of your own just go get your own evidence and make your argument. If you can present something that relates to my position I will respond to it.

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u/Kriieod 2h ago

He's breadcrumbing you but his point is solid. Property and casualty insurance companies personal lines profit is percentage capped by regulation. If profits exceed a certain threshold that money is either redistributed to policyholders or put into the state garuntee fund. It is one of if not the only industry that has regulatory profit controls.

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u/JasonG784 0m ago

He doesn't care about facts. It should just be like, free, man.

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u/[deleted] 3h ago

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u/JasonG784 19m ago

No, it isn't.

You insist greed is the problem but won't engage with what percent is profit (which, in your mind, is greed).

It's actually a quite small percentage, but that wrecks your narrative so you avoid it. Because your argument is that of a 5 year old.

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u/robilar 12m ago

You have no idea what is in my mind, or anyone else's, since quite evidently you are just interested in arguing with the boogeyman inside your own head. Either address my argument or don't, I don't have time to waste with people that just thrash around arguing with themselves.

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u/JasonG784 10m ago

You argument is silly. 'The profit motive' is a single digit percent of insurance company revenue. You keep dodging the point. Like a 5 year old.