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Coming out of retirement
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2023-08-06 at 2:58 PM UTCIf Walmart and the insurance company come to the agreement that they will lose a billion dollars to shoplifting on average per year, that doesn't mean it will be a billion dollars every year. It could be 0.8 billion. So if Walmart is paying a billion dollars a year on their policy, and that year the losses are only 0.8 billion, the insurance company makes 200 million. If Walmart loses 1.2 billion in a year, the insurance company loses 200 million, but only for that year.
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2023-08-06 at 3:52 PM UTC⬆️ Thinks insurance is pre-paying losses.
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2023-08-06 at 4:53 PM UTCIt's about covering losses, not pre-paying losses.
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2023-08-06 at 5:43 PM UTC
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2023-08-06 at 8:49 PM UTC
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2023-08-06 at 9:20 PM UTC
Originally posted by ⠀⠀⠀⠀⠀⠀ It could end up they pay less than their losses. It all depends on how much they lose.
Originally posted by Speedy Parker No company pays as much or more for coverage than their actual losses…
If you paid just 10 bucks a day for coverage to cover an average loss of 10 bucks a day or less in shrinkage you would be special indeed. The best you could do is break even. If the cost of your coverage exceeds the amount of your loss the coverage is useless. -
2023-08-06 at 9:28 PM UTC
Originally posted by Speedy Parker If you paid just 10 bucks a day for coverage to cover an average loss of 10 bucks a day or less in shrinkage you would be special indeed. The best you could do is break even. If the cost of your coverage exceeds the amount of your loss the coverage is useless.
Like I said, it depends on what the losses are. -
2023-08-06 at 9:41 PM UTC
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2023-08-07 at 12:18 AM UTC
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2023-08-07 at 12:19 AM UTC
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2023-08-07 at 12:21 AM UTC
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2023-08-07 at 1:35 PM UTC
Originally posted by Speedy Parker If you paid just 10 bucks a day for coverage to cover an average loss of 10 bucks a day or less in shrinkage you would be special indeed. The best you could do is break even. If the cost of your coverage exceeds the amount of your loss the coverage is useless.
Originally posted by ⠀⠀⠀⠀⠀⠀ If Walmart and the insurance company come to the agreement that they will lose a billion dollars to shoplifting on average per year, that doesn't mean it will be a billion dollars every year. It could be 0.8 billion. So if Walmart is paying a billion dollars a year on their policy, and that year the losses are only 0.8 billion, the insurance company makes 200 million. If Walmart loses 1.2 billion in a year, the insurance company loses 200 million, but only for that year.
which insurance company is dumb enough to sell policies that will cover ever recurring retail losses due to theft ?
i think if there is any then retailers and supermarket wouldnt be moving out of high crime areas like s.f -
2023-08-07 at 1:54 PM UTC
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2023-08-07 at 2:49 PM UTChow so.
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2023-08-07 at 5:57 PM UTC
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2023-08-07 at 6:47 PM UTC
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2023-08-08 at 12:32 PM UTC
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2023-08-09 at 2:50 AM UTC
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2023-08-09 at 2:50 AM UTC
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2023-08-09 at 4:59 AM UTCI wish to visit the USA with mike myers and visit speedys pub where we shit talk the bartender but he keeps serving us anyways becuase our money is still good even if we arent HAR AHR HAR
