tag:blogger.com,1999:blog-8489363879633129568.post1881419710401634253..comments2023-11-13T11:54:56.769-08:00Comments on DePaolo's World: Monopoly Part DeuxAnonymoushttp://www.blogger.com/profile/02446191842560064784noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-8489363879633129568.post-18418484495554221402014-09-18T21:34:26.803-07:002014-09-18T21:34:26.803-07:00Nope - there is no such thing as the 'good old...Nope - there is no such thing as the 'good old days'. In the 1930's all rural households had no electricity and used outhouses. A 1956 Oldsmobile wasn't a beautiful car - it was a piece of shit by today's standards. The steering wheel was that big because we needed the leverage to turn the car. If you could get the car going 55 mph (and I'm not saying you could) slamming on the brakes would take a football field to stop.<br /><br />Stop whining for the 'good old days' - there weren't any. The average number of indemnity claims per 1,000 workers is the lowest it has ever been - by about 70%. The average cost of an indemnity claim (93% of all costs) is the lowest it has ever been - adjusted for inflation.<br /><br />How the hell did we stand by and let costs go down by over 68% between 2004 and 2009 - with a combined loss ratio of less than 60%. Then watch the premiums go up by 60%? Are we really all that stupid?<br /><br />We all stand by and wait for the WCIRB to tell us what the numbers ought to be - increase or decrease. And, we forget - the WCIRB is the carriers. <br /><br />So, lets all grow up and grow a pair. We've all been 'drinking the cool aid'. <br /><br />I understand that carriers all deserve a profit based on the capital they commit to insure us. But - come on, how much money are they entitled to? <br /><br />I'm just saying - that's my opinion and it ought to be yours.billhttps://www.blogger.com/profile/16030231757371541081noreply@blogger.com