Why car insurance in America is too cheap

Re:Why car insurance in America is too cheap by oatmeal1 on Saturday February 03, 2024 @01:09PM (#39243033)

Profit caps disincentivize companies to be efficient, meaning they'll just waste resources that could be used better elsewhere in the economy. Capping price or profit does nothing to address the root cause of the problem - lack of competition. Lack of competition could be addressed by finding ways to reduce regulatory hurdles to enter the market, or by breaking up monopolies with anti-trust action.

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Re:Why car insurance in America is too cheap by redsoundbanner on Saturday February 03, 2024 @01:18PM (#39243121)

>Profit caps disincentivize companies to be efficient

Considering I was just laid off for the sake of "efficiency" that is perfectly fine by me.

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Re:Why car insurance in America is too cheap by financypants on Saturday February 03, 2024 @05:33PM (#39245439)

We don’t care what is fine by you

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Re:Why car insurance in America is too cheap by undersuit on Saturday February 03, 2024 @09:28PM (#39246953)

I'll care if you don't.

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Re:Why car insurance in America is too cheap by sgammon on Sunday February 04, 2024 @06:05AM (#39249297)

Screw all the people who weren’t misfortunate in your exact way, I guess?

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Re:Why car insurance in America is too cheap by teitoklien on Sunday February 04, 2024 @09:19AM (#39250365)

You got laid off because they dont need you. I understand how traumatic and life destroying it can be sometimes, but long term it destroys the future of overall population, to prevent firing people who are no longer necessary.

We’d all be stuck as farmers, tailors and wood cutters, if firing people was penalised or efficiency was punished, no one would want to make their company more efficient with wood cutting machines or sewing machines, or tractors for farming, etc.

In a small timeframe it is horrible to lose a job, but the state is responsible for protecting both the future generations balanced with comfort and safety of present population.

A affordable unemployment insurance is a much better idea tbh compared to profit caps or price caps.

Good luck tho!, may you get a great job soon. May god bless you.

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Re:Why car insurance in America is too cheap by redsoundbanner on Sunday February 04, 2024 @02:10PM (#39253330)

Go fuck fourself buddy.

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