April 18, 2008at 1:45 pm
· Filed under Auto Insurance
Biggest Auto Insurance companies
What are the largest auto insurance companies in the USA?
1. State Farm Mutual
2. Allstate Insurance
3. Progressive Casualty
4. National Indemnity
5. Farmers Insurance
6. Nationwide
7. USAAG - United Services Automobile Association Group
8. AIG- American International Group
9. Liberty Mutual
10. American Family Insurance Group
54 words, reading time ~ 13 secs
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April 16, 2008at 4:08 pm
· Filed under Auto Insurance jokes and stories
Auto Insurance joke
An accountant and a businessman were sailing in the Bahamas. The Accountant said, “Your know my friend I am on here in this paradise, because of my auto insurance company…a tree fell on my garage and totalled my three antique cars that were in the garage. All my life went into these priceless cars, however, the car insurance company paid me handsomely.”
Now that is a coincidence,” The businessman exclaimed. “Because I am also here because my families four cars were swept away in a flood and also my car insurance company paid basically for everything and more.”
The accountant pondered the businessman’s words, was silent for a moment and at last said “So let me as you, How does one start a flood?”
128 words, reading time ~ 31 secs
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April 13, 2008at 11:51 am
· Filed under Auto Insurance
10 trillion dollars for auto insurance
How much do we pay for auto insurance in the USA? Over 10 really 11 trillion dollars. Why so much? Because the US appetite for large SUVs and luxury cars is like a juggernaut that was no sign of ceasing. Look around you and see how many large cars there are. Even with the USA in a recession, its not like a recession in Eastern Europe or the way it use to be in the USA. The US has a cushion of wealth. Therefore, the expensive car market has been growing at a rate of 12 % a year for the last 5 years.
111 words, reading time ~ 27 secs
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April 12, 2008at 6:09 pm
· Filed under Insurance
Why CT and MA have so many insurance companies
The modern insurance arose mostly connected to shipping and trade. In the United states it is not coincidence that the insurance capital is in Harford, CT also with a strong presence in Boston, MA. This is because the English ships bringing trade to the colonies at the time needed a place to be insured against lost at sea. Boston and New England in general where the first stop from England and a go between point for the other colonies. Therefore, insurance was a natural growth from this trade. It is further no coincidence that CT and MA are among the richest states in the USA, and has a lot to do with the Insurance industry.
125 words, reading time ~ 30 secs
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April 12, 2008at 5:52 pm
· Filed under International Insurance
1.3 billion dollar payout for Russian Insurance wife
Although it is not directly an insurance payout, but rather a potential marriage dissolution settlement, it is insurance related none the less. Anna Khachaturova, the wife of Danil Khachaturov who is the head of the Russian Insurance empire Rosgosstrakh wants 50% of his insurance stock. Gosstrakh and its successor Rosgosstrakh was the first and is the biggest of the Russian insurance companies and succeeded in the Russian insurance industry because of brand name recognition. If this settlement is reach it will dwarf western settlements of this nature. Insurance is clearly a profitable business.
102 words, reading time ~ 24 secs
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Tags: Insurance, insurance payout, Russian
April 12, 2008at 5:52 pm
· Filed under Auto Insurance
Why auto insurance is higher is you are single
Auto insurance is higher if you are single not because you are a worst driver than your married peers; rather, your auto insurance is higher because statistically you are more likely to commit auto insurance fraud. This seems unfair, but the nature of auto insurance to statistically uncover the realities of a demographic groups. Therefore if an auto insurance group has a significantly higher payout, whatever the cause, then the result is the group as a whole suffers. Married people are less likely to commit fraud because they have a family to think of and are focusing their cognitive energies on legal ways to make money; as their indifference curve connected to risk is more skewed toward legal endeavors. It might also say something about the type of people who get married, although I have no statistics on it I think they are less likely to commit crimes across the board, including auto insurance fraud.
165 words, reading time ~ 40 secs
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