Quote:
Originally posted by taxwonk
Basically, insurance law is designed to allow companies to screw the customer and win almost every time. That's the main reason I start laughing every time I hear about the current "tort crisis" and how it's the plaintiff's bar that's keeping the cost of insurance high. The industry gets to set its own odds, decide what to charge, and when and if it will pay a claim.
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Are you suggesting that the "crises" in malpractice (and other types of) insurance happen to hit about the exact same time that the stock market tanks, times at which it is more difficult for insurance companies to make a profit on investments from policyholder premiums?
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