• Latest
  • Trending
  • All
  • News

How Much Influence Do Insurance Companies Have in Our Lives?

January 9, 2017
5 Vital Car Cleaning Tools To Make A Car Look Brand New

How Exterior Detailing Services Can Enhance the Look of Your Vehicle

January 21, 2024

The Ultimate Guide to Rebuilding a Transmission – Everything You Need to Know

December 10, 2023
5 Weekend Travel Tips for Lasting Joy With the Family

Preparing Your RV For Storage – Essential Steps to Take

November 21, 2023

5 Reasons Why Regular Auto Repair Services Are Crucial for Your Vehicle

November 21, 2023
Comparing the Services of Open Vs. Enclosed Car Shipping

Comparing the Services of Open Vs. Enclosed Car Shipping

November 20, 2023
Heavy Vs. Light Duty Towing: Knowing The Kind of Truck You’ll Need

Heavy Vs. Light Duty Towing: Knowing The Kind of Truck You’ll Need

November 11, 2023
6 great reasons why vehicle owners won’t be stranded when calling out a local locksmith

6 great reasons why vehicle owners won’t be stranded when calling out a local locksmith

October 27, 2023
Six Reasons to Buy a Classic Corvette

Six Reasons to Buy a Classic Corvette

October 20, 2023
Top 5 Signs of Alternator Problems

Top 5 Signs of Alternator Problems

October 10, 2023
7 Common Engine Rebuilding Mistakes and How to Avoid Them

The Benefits of Reliable Auto Repair Services You Can Trust

October 9, 2023
Practical Car Interior Gadgets to Upgrade Your Ride

Top Reasons Why Used Cars Are a Better Investment

July 2, 2023

Essentials of Handicap Vehicles

June 20, 2023
  • Guest Posts
  • Advertise
  • Contact
  • Privacy Policy
Thursday, July 10, 2025
  • Login
Tech Featured - Automotive
  • Home
  • Gadgets
  • Automotive News
  • Interesting Topics
No Result
View All Result
Tech Featured - Automotive
No Result
View All Result
Home News

How Much Influence Do Insurance Companies Have in Our Lives?

January 9, 2017
in News
0
79
SHARES
227
VIEWS
Share on FacebookShare on Twitter

Responsible people when purchasing a home, car, business, or want to prepare financially for the future obtaining some kind of insurance policies. On the other hand trying registering a car or purchasing a home having a mortgage without insurance, would not be permitted by law. I can’t think of any other for profit industry that has the power in getting our governments to make life changing legislature. Here is why I think they’re able to accomplish controlling many facets on what we can and cannot do?

It all begins with people they hire called actuaries, they assess risk factors in people’s lives. Then those statistics determine our insurance costs. As an example an eighteen year old male, living in a major city, driving a Honda Civic will pay a small fortune with their car insurance. They have determined males of that age have more accidents, the chances for theft is higher in a big city, and there are many Honda Civics out there meaning more claims. Still using driving, I agree that wearing a seatbelt can save a person’s life in an accident, but up until the last few decades it wasn’t a law, but an option. I presume back then the insurance companies figured-out that if they go to the government showing statistics, they could get a law passed where everyone was required to wear a seatbelt which they did.

As I mentioned above they are all about profit, not as much about our safety as they would like us to believe. Just think by having had the government put in place a seatbelt law how much money did they save in claims. The government is not innocent here either, again they pitched safety, but made some serious revenues from ticketing those not wearing seatbelts. There were many stubborn people in those days who opposed the law and paid a hefty price. The thing is when it comes to making a premium price they can do what they want, but when the risk factor is high, out of their control, then enlisting the government to make laws for them are perfect. Let’s face it the easiest way to get people to buy into a trip is through fear!

I know this might be a taboo subject for most, but smoking is another avenue where the risk factor for insurance companies paying-out was higher than those who didn’t. However being a legal substance for those of the age of majority, how would they reduce their risk factors in medical policies? Again recruit the governments, use the medical communities, and scare the hell out of the general population that smoking will kill them. Obviously smoking is terrible for one’s health, but again I veer back to it being a legal product. However once the campaign against smoking got steam where people bought-in, they made and enforced laws preventing smoking in certain areas, eventually all public and work places. Remember this is all about our safety and health. With that said how much money are insurance companies saving on claims from smokers? Let’s not forget our government highly taxing cigarettes to discourage us from using them. It great knowing that our government and insurance companies are simply nice folks watching-out for our well-being! Right! No motive just kindness and consideration for all! What a great world we live in!

I have no doubt the actuaries determined that work places weren’t safe enough, so that made insurance companies more vulnerable for payouts from workers and customers getting injured. How much more not sure, but they as usual enlisted the government to change the work place safety laws, all under the owners expense. The truth is again insurance companies are businesses, if someone makes a claim with all the laws in place, companies following certain set procedures, they have a better chance of not paying-out. The government is also as usual gets a piece of action too, if businesses don’t comply they receive hefty fines. So again is it about our safety or their money?

In conclusion I have not doubt that the insurance companies have a nice effect in regulating our country, and huge influence in how we live our lives!

Tags: InfluenceInsuranceLives
Share32Tweet20Share8
  • Trending
  • Comments
  • Latest

John Christie Electric Generator – Generates 24 Kilowatts Of Free Electricity

November 21, 2016

How to Use a Magnetic Generator to Get Rid of Your Electricity Bill

November 21, 2016

Buying a Gazebo – How to Install a Gazebo on Grass

June 8, 2017

The Environmental Benefits of Automobile Recycling

0

Automotive Fasteners – A Number of Items Included on the List

0

Drag Racing – The Perfect Launch

0
5 Vital Car Cleaning Tools To Make A Car Look Brand New

How Exterior Detailing Services Can Enhance the Look of Your Vehicle

January 21, 2024

The Ultimate Guide to Rebuilding a Transmission – Everything You Need to Know

December 10, 2023
5 Weekend Travel Tips for Lasting Joy With the Family

Preparing Your RV For Storage – Essential Steps to Take

November 21, 2023
Tech Featured - Automotive

Navigate Site

  • Guest Posts
  • Advertise
  • Contact
  • Privacy Policy

Follow Us

No Result
View All Result
  • Home
  • Gadgets
  • Automotive News
  • Interesting Topics

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In