Insurance expert says Blacks jeopardize their life and business because they think insurance is a rip off


By Black News

After more than 40 years in the industry, insurance entrepreneur and expert Thomas E. Crosby says that too many blacks still take too many chances without coverage, because they think insurance is a “rip off.” Crosby explains that is a mistake. “People who need insurance and do not have it also feel victimized twice when they have to pay to buy the car or furniture they already had.”

Crosby entered the insurance industry in 1974 because he wanted to see more African Americans benefit from better information and more choices. He later founded The Insurance Exchange, a brokerage now based in the Chicago suburb of South Holland, IL. He established his company to give customers more appropriate selections instead of presenting the products of just one insurer. Now, he also reminds people that “insurance is a privilege, not a right.”

Crosby adds that the real “rip off” is the insurance fraud that occurs across all races and cultures of policyholders. Two auto-related examples include not telling the truth about a teenage driver in the household and using a false address for lower rates. Other examples include providing false information to receive benefits or payouts. “Overall, insurance fraud costs more than $30 billion each year and leads to higher premiums,” Crosby explained.

Crosby observes that many blacks have no renter’s insurance, the minimum driver’s insurance and are paying too much for the wrong kind of home insurance. “And if we haven’t checked our own insurance recently, we may be unprepared to investigate the types of life or health coverage that our parents have, until it’s too late,” Crosby said.

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7 Responses to Insurance expert says Blacks jeopardize their life and business because they think insurance is a rip off

  1. Cheyanne says:

    Ah et bien voilà le 3ème article élogieux sur ce brunch, avec celui de Plastie et de Jaiapromferds. Jamais deux sans trois comme on dit!Au moins, il y a consensus et ça donne envie! Miam

  2. This has footage from Mic & a Light mostly which was filmed in 2010.Still faking, its a lie and it's always going be a lieShe can't show pictures because she DOESN'T HAVE ANY PICTURE, because there is NO Blue!!!!

  3. Tommy My wife and I have been drinking Crispin since it came out. I like the Brut. It’s not too sweet and it’s very refreshing. Sarah, if you want something with more body I think they offer other varieties. Anyway, I’m happy they are headquartered here in MN and looking forward to drinking some cider during the all too brief summer.

  4. http://www./ says:

    Your story reminded me of the heart-shaped boxes my father used to give my as a child. I think he wanted to eat the chocolates too! I still love these heart-shaped boxes and the pretty red bows. Thank you for stirring these memories.

  5. Liebe Nora,wenn ich dazu meine Meinung sagen soll, dann verkneife ich mir den Kommentar besser! Ich wünsche euch, dass die Zeit der gesunden Luft nicht mehr allzu lange auf sich warten lässt?Lieber Gruss Sonja

  6. essa galera que acredita cegamente na biblia é ficil de engolir… tem mais de 300 evangelhos faltando, e mais uns livros do velho testamento que encontraram não faz muito tempo…se Jesus voltar, vcs vão ficar de cara, pq não é do jeito que todos falam por ae…O homem é a causa dessas mutações ae…polui esburaca consome destroi… NÃO HÁ ORGANISMO Q AGUENTE

  7. Your right and there’s lot’s of guys out there who would do the same.Even more going further a admirer for first time with a ladyboy after a wonderful night,well might have that mixed up feeling or done something wrong feeling in the morning.Overcoming this, accepting not gay or other guys means there’s no guilt or label.Darn if on first time i encountered chin stubble it would sure change my mind.

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