[Rhodes22-list] Coastal Living - Insurance

[Brad Haslett]

John,

Spoken like a true central planner!

Brad

On Sun, Feb 24, 2008 at 11:43 AM, john Belanger <jhnblngr at yahoo.com> wrote:

> insurance companies are in the business of making money. they hedge their
> bets like any good bookie would. the one thing to remember about them is
> that they are also known by their other important title: institutional
> investor. i fault the state and federal governments in allowing them to
> leave a state (especially after a large insurance loss). they are national
> companies, and should be allowed and required as such to offer coverage
> nationally. take off any cap on fees for catastrophic event coverage. if
> people are willing to pay, insurance companies should be allowed to charge
> whatever the traffic will bear. in return, everyone should be covered for
> minimal coverage.
>
>  Brad Haslett <flybrad at gmail.com> wrote:
>  This was predictable. The Sun-Herald (Biloxi-Gulfport) had an article
> today
> about State Farm insurance and the fact they aren't writing any more
> homeowners policies in Florida. Nationwide and Allstate came to the same
> conclusion earlier (boat insurance is sure to follow). Now I understand it
> is hard to love an insurance company, but this is a perfect example of
> what
> happens when 'da gubment' sticks its nose in private business, you don't
> get
> cheaper prices, you get fewer services. Both Mississippi and Florida (and
> other states) have gone after insurers through their state insurance
> commissions and Attorney Generals, and the net result has been for the
> insurance companies to pick-up their bat, and ball, and glove, and go
> somewhere else to play. Those of us who live inland pay as well - my
> earthquake coverage was canceled due to Katrina, huh? It sounds silly but
> that's the way it works. The 2004/05 hurricane season gave the big boys
> bloody noses so they reduce their risk somewhere else to limit their
> exposure. Now here is the next thing that's predictable as hell,
> politicians
> will line-up during an election season and spout how they're going to
> protect you from those "greedy" insurance companies. BS. This is reality
> and the only thing you can do to remedy the situation is to take on more
> risk yourself, or move. If you love FEMA, you'll really love universal
> health care.
>
> Brad
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