Posted On: May 14, 2008, 1:42 pm CDT

Posted By: Suffolk Co agent

How would it be in the State Fund were to write personal auto? There was a time when getting personal auto in NY was quite difficult (as it once was for WC), and perhaps the Fund would make personal auto companies have to try harder to compete. If the Fund also had its own set of rules to go by that other companies didn't have to adhere to (e.g., 30 notice befre replacement), I'll bet they could charge lower premiums than regular companies.

Downstate there is a very hard time geting homeonwers insurance. Maybe the State Fund could go into that too.

Hey, contractors are having a really tough time getting GL. Why doesn't the Fund do that too?

The answer is that the state should not be competing with private enterprise, and certainly not on a playing field where they have advantages that private enterprise can't get.

All this law seeks to do is to level the playing field. It isn't interested in forcing the Fund to stop taking overcharges from desperate insureds just so they can cherry pick good ones.