Insurance Company Profit

Sales Finance, based in Kettering, Ohio, is part of GE Money, formerly GE Consumer Finance. The company provides private label credit card programs, marketing, installment lending and financial services for national and regional retailers in more than 20 industries including powersports, sporting goods, home improvement, outdoor power equipment, automotive, recreational vehicles, marine, consumer electronics and appliances, furniture, floor coverings, music jewelry and health care. With $163 billion in assets, GE Money, a unit of General Electric Company (NYSE: GE), is a leading provider of credit services to consumers, retailers and auto dealers in approximately 50 countries around the world. GE Money, based in Stamford, Connecticut, offers a range of financial products including credit cards, personal loans, bank cards, auto loans and leases, mortgages, corporate travel and purchasing cards, debt consolidation and home equity loans and credit insurance

Global reinsurance companies scoff at this suggestion. They question whether the Cat Fund will have sufficient capital to pay off billions in claims from a really catastrophic hurricane without having to attract private investors who will want the same deal that reinsurance companies will offer them.

Profit in Insurance