Posted On: May 5, 2006, 6:50 pm CDT

Posted By: willing to bet

Eman - Get real on your postings. If you don't believe that lawsuits add to increasing premiums than you do not undersatnd rating 101. Here comes your education: Depts of Insurance set profit contingency factors each year for each line of business. Usually around 4%. The company then makes a rate filing based off of their past losses to set rates for future losses. If a company gets more than expected lawsuits and or claims then guess what? The paid losses are used in the company's next rate filing and the premiums increase. Tort reform prohibits excess verdicts by LIBERAL jury's thus keeping insurance premims lower. I am "Willing to Bet" you are a liberal and would rather rely on the Gov. than yourself. As far as playing battleship, your game is over and your gig is up. As far as tort reform being an insurance trick, nice try b.c its now the law.