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Originally Posted by afterhours
ex lives on water and they also tripled her premiums...seems to me that insurance co's run a risk free profit gloming business- no claims they make out, claims- they raise premiums to make up for payouts......
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That's why Warren Buffett owns so many ins/reinsurance companies. Watch the stock prices of the Prop. and Casualty ins. com. after a huge storm. The all go up.