BoatBanter.com - View Single Post - Wally-Mart in trouble locally

[email protected]

On Thu, 08 Sep 2011 02:21:07 -0400, wrote:

On Wed, 07 Sep 2011 13:27:18 -0700, wrote:

On Wed, 07 Sep 2011 15:46:24 -0400, wrote:

The point is this did not cost WalMart anything. They have insurance
for it and that means we all pay.

Ultimately it is the customers who pay since the insurance premiums
are part of the price of all of the products you buy from any store.
That is the insidious problem with insurance. It spreads the cost of
just or unjust law suits equally. The idea that the insurance company
is hurt is ludicrous. It is just the cost of doing business and
reflected in next year's premiums.

Honestly, that's a pretty meaningless statement. "Consumers" pay for
lots of things. Insurance claims are just one of them, and they're a
tiny piece of the pie.

You are the one that used the term "cost of doing business" and that
all gets passed on to the customer. The corporation was not punished
in any way here.

You didn't say, "It is just the cost of doing business and reflected
in next year's premiums."?

You seriously believe that all costs are passed along to the consumer?
All costs? Feel free to try and defend that statement.

As I actually said, the "insurance claims are.. a tiny piece of the
pie."