Ill. Insurance Director Says 2005 Cat Costs Shared by All Regions
Midwest News • June 22, 2006
Illinois' freshman regulator Michael McRaith may be the new kid on the block, but he isn't shy about sharing his views on national and regional specific issues. In a recent interview with ...
Insurance Journal is not responsible for the content of the message below.
Subject: A Great Mind
Posted On: June 22, 2006, 1:56 pm CDT
Posted By: Mr Obvious
Comment:
Good thinking. We all know that the government is the way to solve this problem. We certainly would not want to consider the concept of the free market pricing this product and allowing this to dissuade unsound development.
Much better to subsidize this development so that we and our grandkids can continue to pay for this in perpetuity.
It's also very important to address broker compensation. We would not want anyone to get rich off of insurance. Much better to establish legions of govermental offices and bureacrats to effectively administer rates and filings. The sucess of competition and low rates in heavily regulated states such as Florida, New York and Texas should be emulated by all states.
Subject: A Great Mind
Much better to subsidize this development so that we and our grandkids can continue to pay for this in perpetuity.
It's also very important to address broker compensation. We would not want anyone to get rich off of insurance. Much better to establish legions of govermental offices and bureacrats to effectively administer rates and filings. The sucess of competition and low rates in heavily regulated states such as Florida, New York and Texas should be emulated by all states.