Quote:
Originally posted by Spanky
30% Wow. See, you are a small business and it is a problem. If the problem is the insurance company's is it becaues they are overegulated? If the premiums are going up but the claims are not shouldn't the insurance company's be showing record profits? And if they are shouldn't more company's be getting into the business?
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I think if you look at it, you'll see that premiums tend to go up across the board when things like hurricanes, which have nothing to do with lawsuits, create losses. They also go up when investment returns drop due to a falling or stagnant market. In short, premium rates for any given policy have far less to do with the risks generated by that pool than you would expect.
And I would say thaty it's not a problem caused by the insurance industry being overregulated. If anything, it's poorly regulated, not for lack of regulators so much as historically entrenched cronyism amongst regulators and regulated.
It's not for nothing that the first thing a lobbyist in Baton Rouge or Springfield asks when he finds out about a major capital project is "Who's writing the insurance?"
