[Rhodes22-list] Coastal Living - Insurance

[Brad Haslett]

Herb,

If you read some of the message boards in Florida and Mississippi it gets
really scary. -  economic ignorance gone wild! One of the persistent themes
is "kick them out of the state and don't let them write auto policies it
they won't write homeowners".  Yeah right, that's really going to increase
competition in the marketplace. Imagine if we all paid the same rate for
auto insurance. Instead of enjoying discounts for being mature and safe
drivers, we all get thrown into one big happy pool at the same rates.
What's the incentive to drive safely?  We're headed down a slippery slope
and the masses are clueless.  I don't feel the least bit elitist for making
statements like that.  Sometimes the truth hurts, and the coming reality if
someone doesn't stop this coming train wreck is really going to suck.

Brad

On Sun, Feb 24, 2008 at 8:44 PM, Herb Parsons <hparsons at parsonsys.com>
wrote:

> Brad, do you realize how ominous the last two lines are? (well, the last
> two of three, "BS" was its own sentence).
>
> All of America needs to get ready to ante up as the next new wave of
> "universal coverage" comes sniffing around. Wanna place bets on the
> chances of "universal home coverage" as insurance companies make the
> business decisons that they don't want to operate in high-risk areas
> where the government arbitrarily increases the "coverage" they're
> providing after a disaster strikes?
>
> Brad Haslett 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
>
>
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