Tim Dodge @CoverageGeekTim
AVP of research and information for @BigINewYork. Student of insurance policy language. SU Orange and Red Sox fan. Would rather be playing my guitar. biginy.org Syracuse, NY Joined September 2008-
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@lizzieshore @chrislhayes Last year, property-casualty insurers paid out almost $27 billion more than they received in premiums verisk.com/newsroom/under…
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@HoorayBeerz1 @chrislhayes Thank you for the sarcasm
@ECChi83 @chrislhayes @justinbaragona Some state insurance regulators now require insurance companies to factor the effects of climate change into their business plans.
@SteveKSCCHS @chrislhayes Pretty serious accusations. Can you cite evidence?
@dsadler57 @chrislhayes Do you think other organizations would take on peoples' & businesses' risks as a non-profit enterprise?
@briancommeans @chrislhayes I don't know what this means. Property-casualty insurance companies have not asked for public bailouts.
@KucinskiGeri @chrislhayes Property-casualty insurance companies have not asked any government for a bailout. Please post a link if you find a report to the contrary.
@mstaugler @chrislhayes Never a bad idea to shop for another policy, even if you find out that the one you have is the best option
@HolyMos79075944 @chrislhayes The property-casualty insurance industry paid almost $27 billion more in losses than it received in premiums in 2022. verisk.com/newsroom/under…
@hotdogken @chrislhayes The property-casualty insurance industry paid out almost $27 billion more in losses in 2022 than it received in premiums. verisk.com/newsroom/under…
@NoahProoval @chrislhayes Insurance companies are regulated by state governments, not the federal government
@lizzieshore @chrislhayes Who would have an incentive to take on other peoples' risks if there wasn't a profit motive?
@LolaAndCrash @GNSNick @chrislhayes No property-casualty insurance companies have requested government bailouts. Even during the financial crisis in 2008, the insurance operation at AIG was solid - it was the investment subsidiary that almost sank it.
@VikingNature @chrislhayes Sounds like you need to shop for a different policy, if insurance companies are still competing in your area.
@TruthAboveAll_0 @chrislhayes Exactly how is Bidenomics responsible for wildfires burning down Maui & California? Those are the types of events that are impacting homeowners insurers.
@HoorayBeerz1 @chrislhayes Insurance exists because it is less expensive for individuals & businesses to pay someone else to assume their risks of a fire, hurricane, burglary, etc. It has existed for 100s of years and will exist for 100s more.
@lynnearnold @x71927 @BeamMeUpScotee @chrislhayes Not true. Insurance companies can and do go out of business when their losses exceed their reserves. A dozen companies have gone bust in Florida in just the past few years.
Tim Dodge retweeted
Micron’s chips investment alone could increase the size of Syracuse area economy by a third, not even counting its knock-on effects. (From @techreview technologyreview.com/2023/07/06/107…)
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