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The discussions in this article are not reflected in reality with all insurance companies dramatically increasing premiums over the last four years. The only reason they would not be profitable would be ridiculous salaries paid to mediocre staff.
Given risk advisers have had to take a 40-50% cut in salaries, the simple answer to make life companies profitable would be to reduce middle management and exec salaries by the same number. This would then avoid the need for gouging the consumer to prop up poor underwriting from the past.