Industry Shifts

So an industry has about 6100 companies.  What if that was reduced by half or even two thirds?

Lets imagine it goes to 2000.  Still seems like a ton of companies in one industry.  So lets say it was done in a wonderfully strategic fahion.

  • savings can come from the fact that duplication of households needing to be serviced will shrink
  • savings will come because large national carriers will not need to redevelop smaller profitable companies.  Instead they can take advantage of the time savings and provide a cost savings these smaller companies will never experience

Rethinking claims and the causes

***Working thought, from an idea via a longtime friend***

So the scenario is quite common, friend calls and says they want to have some tree work done on their property.  Pretty common.  You can also insert, new roof, new furnace, upgrade to electric panel, drainage dug, fire alarm installed, etc.  Think of it as any proactive, likely preventive measure that can reduce the likelihood and at worse the severity of a claim.

“Bill, is there an extra discount for cutting down the trees?  Will they(the insurance company) pay for it?  ”    No and No.