- 1,088
Look up the stats on auto insurance combined ratios,
Pft. Combined ratio? Northwoods is going to teach you a lesson on that. Combined ratios are worthless when the papers he's read have demonstrated that insurance companies are renowned for their extraordinary ability to waste resources and operate in the most inefficient manner possible. The insurance companies get it, why bother with careful cost management and streamlined processes when you can just throw money around like confetti?
It's better to ignore all those pesky industry reports and financial analyses that clearly demonstrate the challenging profitability landscape insurance companies face. Those are just around to try and keep people like Northwoods thinking the mean big old insurance companies are struggling to turn a huge profit. Now that he's figured it out, they're doomed and the fraud of their combined ratios are exposed.
Cheers to Northwoods