[Rhodes22-list] Coastal Living - Insurance

[Herb Parsons]

Brad - Tole ya!

john Belanger 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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-- 
Herb Parsons
S/V O'Jure - O'Day 25
S/V Reve de Pappa - Coronado 35