Wednesday, May 24, 2006

Insurance Commissioner John Garamendi Discloses Apparent "Excess Profits" by Homeowner and Auto Insurers

Insurance Commissioner John Garamendi Discloses Apparent "Excess Profits" by Homeowner and Auto Insurers: " Today, Insurance Commissioner John Garamendi released a new report on the burgeoning profitability of Homeowners and Private Passenger Automobile Insurance companies. The study discloses that for the past two years insurance companies have enjoyed a scenario in which the amount they pay for claims has dwindled, while the money they keep has soared."

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