State insurance regulators have a duty to protect the customer's mandatory requirement of purchasing insurance. Private equity groups such as BLACKROCK, STATESTREET, VANGUARD, ETC..., are the largest stock holders in insurance industries. Because those groups borrow investment funds from banks to purchase stocks and those equity groups have voting rights they control the price of insurance. When banking interest rates increase, the the equity groups must pay back loans at higher rates. The equity groups pass the higher cost on to the insurance customer. Insurance companies explain to the customer that rate hikes are due to inflation. That's basically a lie. Private equity funds consider premium payments as their "cash cow" and should be illegal, yet STATES do nothing to protect the consumer. That equates to "CORPORATE FASCISM" and they know they can get away with that behavior because they have the full power of the Judicial system with deadly police powers to inforcement the scam.
What's to discuss ? Insure companies pay legislators to pass laws in the states requiring vehicle owners to buy their product. Bribery makes the world go 'round.
State insurance regulators have a duty to protect the customer's mandatory requirement of purchasing insurance. Private equity groups such as BLACKROCK, STATESTREET, VANGUARD, ETC..., are the largest stock holders in insurance industries. Because those groups borrow investment funds from banks to purchase stocks and those equity groups have voting rights they control the price of insurance. When banking interest rates increase, the the equity groups must pay back loans at higher rates. The equity groups pass the higher cost on to the insurance customer. Insurance companies explain to the customer that rate hikes are due to inflation. That's basically a lie. Private equity funds consider premium payments as their "cash cow" and should be illegal, yet STATES do nothing to protect the consumer. That equates to "CORPORATE FASCISM" and they know they can get away with that behavior because they have the full power of the Judicial system with deadly police powers to inforcement the scam.
What's to discuss ?
Insure companies pay legislators to pass laws in the states requiring vehicle owners to buy their product.
Bribery makes the world go 'round.
January 5th was a Friday...
the last time January 5th was on a Monday was back in 2015 and it won't happen again until 2026...
@@mychellevanschaick4321typical fake news being reported by a news station