Friday, April 15, 2005

Insurance Companies Post Record Profits

Insurance companies are making incredible sums of money these days. Insurers profits are up 29% over 2003 with insurance companies posting profits of $38,700,000,000.00. That's $38.7 BILLION DOLLARS for insurers.

So, the next time your hear someone, like this guy, The Manhattan Institute, or other Tort Reform groups ramble on about "horror stories" involving "skyrocketing costs of insurance," "parks closing due to the costs of liability insurance," "a litigation explosion," and "liberal judges" or hear a claim that "This nation faces a liability insurance crisis" and needs to "reform the civil justice system," "limit non-economic damages (such as pain and suffering, mental anguish, or punitive damages)," "reduce awards," and curtail "the litigious nature of the American public," you better just laugh out loud as I do.

Wisconsin Personal Injury Lawyer