Posted On: November 16, 2005, 4:02 pm CST

Posted By: Peter Polstein

Sure, let's have the Federal Government take over the insurance industry for us. Let's have them take over the cat covers, hell why not. There is no question that the insurance industry with their inability to underwrite anything, except their continued impression that market share is the all mighty money making methodolgy.

Thats all we need is more Government intervention. How about these idiots stop writing cat cover, cat cover, cat cover, hell everyones doing it. Obviously you loose your tail on three, four, five major storms, no problem, there are always more investment dollars to take the place of the misgotten, forgotten whatever. Look at the Bermuda marketplace, took hit after hit, what's the majority of so called new money going to underwrite,
cat cover! Yipee. What's the current market doing, why printing more money, this can't go on forever. After all haven't those impressive actuarial models been right? They haven't been close.

There is a legitimate way to do this, it's realy pretty simple, but why discuss it, there's always the Federal Government.

How many underwriting profit years have there been in the past 25, what is it one, lovely.

Keep it up.