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Consumer Groups Allege Insurance Wind Models More Politics Than Science

National News • April 6, 2006
Risk Management Solutions has defended its hurricane risk models in the face of consumer groups' criticisms that the models are more political than they are scientific and that they are designed ...

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Subject: The amazing thing...

Posted On: April 7, 2006, 2:21 pm CDT
Posted By: Underwriter
Comment:
Is that consumer groups like this do nothing for the customer. Ultimately, the result is increased regulation at the state level (I am thinking of MA, PA, MN, MI, NC, NY, NJ and a host of other overregulated states) where Insurers can't reasonably do business because of the arbitrary rules that are put into place to "control" insurance companies.

The states where customers have the best insurance at the lowest rates are those states with an open regulatory environment. Simple competition is the best way to guarantee lower rates and better insurance coverage for the consumer.

The other amazing thing is that the average consumer is completely fooled by Hunter's squawking. Of course, the average consumer also believes that anything seen on the news is the whole truth and nothing but the truth. Then again, most people know more about what's happening between Tom Cruise and Katie whats-her-name than they do about their own insurance contract.
Subject Posted By Posted On
Yzxadjqg Yzxadjqg
Jul 14, 2009, 8:14 am
State Farm & Allstate Deny Blatant Hurricane Rita Damage Roger Poe
Apr 7, 2006, 10:09 pm
RE: The amazing thing... Monitoring
Apr 7, 2006, 3:59 pm
The amazing thing... Underwriter
Apr 7, 2006, 2:21 pm
RE: Old Bob Hunter Tom
Apr 7, 2006, 1:59 pm
Old Bob Hunter Old insurance guy
Apr 7, 2006, 12:47 pm
Hunter Big Insurance
Apr 7, 2006, 12:38 pm
They're essentially banned in Florida FLActuary
Apr 7, 2006, 10:47 am
Bob Hunter ATS
Apr 7, 2006, 9:15 am
The galactically stupid Tim
Apr 7, 2006, 3:52 am
Perhaps Joe
Apr 6, 2006, 5:06 pm
This shows how dumb the consumer groups are Dan
Apr 6, 2006, 2:39 pm
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