Despite their stupid gecko nonsense, #Geico #insurance recently reported a huge jump in quarterly profit on higher premiums.

When asked, insurers *say* it's because of too many claims, but this is not reflected in their earnings reports nor balance sheets. Since 2021, most are even reporting LOWER customer claims. The other big auto insurers, like #Allstate, #AmericanFamily, #StateFarm and #Progressive, have been pulling the same nonsense while making record profits.

#Greed #Capitalism

@jsgjames
I hear you. 😔

#AmericanFamily insurance raised my rates 30% this year alone even though I have NEVER had any claims. 💸💸💸

#InsuranceCompanies are not our friends.

#Capitalism