I was talking to a friend of mine who works in management at an insurance company based in upstate NY recently and he told me that many of the “real” insurance companies are thinking of filing a class action againt GEICO because their underinsured motorist losses have skyrocketed due to all these “direct” insurance customers having minimal coverage.

This woman, “Flo” who works for Progressive is another classic example of this. When she goes on TV, bats her pretty little eyes, and tells people to “name their own price” she is in effect telling them to reduce coverages to get the premium to where they want it. An uneducated and unsuspecting consumer who doesn’t understand the need for adequate liability limits is indeed setting themselves up for bankruptcy.

People need trusted advisors like you or me when they make these very important financial decisions.

John Mason