Insurance Realities

Re “Consumers Duped by Insurance Industry” [Letters, June 11]. Not so!

No one likes an insurance company. You pay premiums each year for automobile, fire, liability, and you never collect. The insurance companies are making an unconscionable amount of money.

Reality: The insurance business is very competitive. Each company endeavors to write the greatest amount of “profitable insurance” and to write this business at a rate that will capture the market.

The consumer is free to select and purchase from the most competitive company in the marketplace. Therefore, if you believe in the capitalist system and that, ultimately, competition brings the best products to the marketplace, you will understand the trials and tribulations of an insurance company competing for your business.

LAWRENCE KRAMER

Chairman of the Board

Kramer-Wilson Co.

Insurance Services

North Hollywood