Odd - I keep looking for this site to reference a headline such as "Attorney Report Record Year for Fees Received" or "Victim Awarded $100,000,000 - his attorneys to receive Contingency Fee of $40,000,000 or $32,500 per hour"

I know this site doesn't have the integrity to highlight this kind of information and yet I suspect attorneys collected more in fees in 2007 than in any year before AND the legal profession never has a year in which the aggregate of its members lost money - the worse things are the more money lawyers make off lawsuits

Makes one think of how much of the effective ness of the economy is wasted in litigation, frivilous and otherwise

It's also pointless and dishonest to look at insurance profits for a single year. Insurance companies insure against the risk of rare catastrophes. A bad hurricane wipes out ten or even twenty years of profits. If insurance companies are not allowed to make "record profits" in a year when there are few hurricanes, they will have no money to pay claims in a year when there are severe hurricanes.

CJD does a disservice when it complains about insurance profits. If they think insurance companies are making excessive profits, there is a simple remedy: raise money from the billionaires who fund DMI and CJD, and open a new insurance company that charges lower rates. It will take business away from the so-called gougers, and still make plenty of money. Insurance companies compete in the marketplace, and their rates and short-term profits reflect that competition.

Insurance companies are doing well but if we want to change this we have to look at their business model. Insurance companies are highly regulated and they make profit based on these regulations. If you want to change them, change the laws. A perfect example is the airline industry. When it was highly regulated, ticket prices were much higher (corrected for inflation) and the airlines made money hand over fist. Who paid for this? The consumer. When we deregulated the airlines, prices dropped. Sure we lost those that were not competitive, but who won, we did. We now have insurance companies highly regulated and you guessed it, they make money and the consumers are screwed. State and Federal regulations are clear that insurance providers make money on the interest of the premiums, not the premiums themselves.

If we want to fix insurnace, fix the regulations by getting rid of them.

The fact that a press release would be issued designed to inspire public vitrol against an industry, and the release would only cite an industry's successes, says volumes about its author.

Massive insurance underwriting losses precipitated a 300 point drop in the stock market. Kia should delete this misleading left wing lying propaganda.

http://www.marketwatch.com/news/story/newswatch-us-stock-futures-drop/story.aspx?guid=%7BD7602FAC-AC5E-4346-84BF-DE43E3065A61%7D&dist=hplatest

From the comments, critics and mentally ill plaintiffs seem to be reading this blog. Kia should stop wasting time and talent on this loser. I know her salary. I feel it exploitive and insulting. These plaintiff lawyers have her living in poverty, in an expensive city, at a third her real worth. The millionaire bosses are a trip. I encourage Kia to review her appalling treatment with an employment lawyer. I find her unfair treatment ironic. I also find ironic the treatment of labor unions in Commie countries.

Kia: Please, address this paradox.

The left wing extremist, self-dealing lawyers controlling the three branches of government pursued the banks for red lining neighborhoods. This false allegation stemmed from the trash culture of the US underclass, allergic to savings, obsessively presentist. The banks loosened their standards to reply to the threats of prosecution by the left wing extremist lawyer cult criminals controlling the three branches of government. Now, the insurance industry is in a lot of hot water due to its reliance on investments in sub-prime mortgages.

The lawyer caused the sub-prime crisis. The lawyer-caused sub-prime crisis caused insurance company problems.

As you know, banks have only one bias, that favoring green. When the self-dealing, rent seeking lawyer threatens the banks, it distorts their prudent, money biased, decision making. The lawyers have dealt themselves lawless immunities as government agents. The government is a wholly owned subsidiary of the criminal cult enterprise, doing nothing well, except for lawyer rent seeking. The moronic government caused this meltdown. Government lawyers involved should be fired. Their puppet legislators making threats against the banks must resign immediately or get impeached for their error.