Tuesday, September 25, 2012
I’ve devoted a lot of space here, and elsewhere, recently to the insurance industry as a whole, and about some specific property casualty insurance companies. One perspective, well known to any Maryland car accident lawyer who’s negotiated a claim with an insurance company, probably warrants a little additional discussion. $100,000 would make a huge difference in the lives of most Americans. It doesn’t matter at all to a company that makes a billion dollars a year, and takes in 15 billion in revenue. The property casualty insurance industry is massively profitable on scales that most of simply can’t understand. Many Maryland car accident lawyers would offer you this illustrative example. Some adjusters are told to think about cases, or authorized to act in increments, e.g. $2500, that exceed the monthly takehome of many Americans.
Friday, September 7, 2012
Allstate is one of the major auto accident insurance companies in the land. Maryland car accident lawyers are familiar with the methods that Allstate uses to value, and defend against claims. Like any other business, an insurance company's profitability is dependent on taking in more money than it pays out. For an auto accident insurance company, that means paying out less in claims than it takes in premiums. Maryland car accident lawyers know well that Allstate stockowners are indeed in good hands, as Allstate pays out a whole lot less in claims than it takes in premiums. You see, Allstate posted profits of 788 million dollars in 2011, and 928 million dollars in 2010.