House Reps. Introduce National Catastrophe Insurance Proposal
National News • January 5, 2007
U.S. Representatives Ginny Brown-Waite (FL) and Vern Buchanan (FL) today introduced the Homeowners' Insurance Protection Act of 2007, a comprehensive catastrophic insurance bill that would ...
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Subject: RE: RE: Tired wins a cookie.
Posted On: January 8, 2007, 2:05 pm CST
Posted By: Adirondacker
Comment:
For goodness sakes Tired, no one is making you buy insurance. Obviously you still see a value in the protection. Shop around, if "all" insurance companies are making record profits then the market will correct itself and you will find lower rates. My guess is that your rates will drop a bit within the next year or two.
No one is touting the insurance industry as being perfect, but with a small amount of governance (to prevent collusion, monopoly, etc.) the all-mighty dollar rules the day. If State farm, Allstate, Travelers, etc. can make money by lowering rates in your area and thus increasing policy count, they will.
Perhaps a bit too simplistic, because in reality the are many other factors in play here, but your gross generalizations about this business warrants my simple remarks.
Good luck, I hope you do find a lower rate.
Subject: RE: RE: Tired wins a cookie.
No one is touting the insurance industry as being perfect, but with a small amount of governance (to prevent collusion, monopoly, etc.) the all-mighty dollar rules the day. If State farm, Allstate, Travelers, etc. can make money by lowering rates in your area and thus increasing policy count, they will.
Perhaps a bit too simplistic, because in reality the are many other factors in play here, but your gross generalizations about this business warrants my simple remarks.
Good luck, I hope you do find a lower rate.