National News

Viewing comments for:

U.S. House Bill Seeks to Stabilize Property Insurance Market

National News • August 6, 2007
The chairman of the U.S. House Financial Services committee promised to quickly take up a bill seeking to stabilize the property insurance market in disaster-prone areas. The bill, introduced ...

Insurance Journal is not responsible for the content of the message below.

Subject: RE: Why so complicated?

Posted On: August 6, 2007, 1:57 pm CDT
Posted By: Willy
Comment:
Actuary, stop making sense. The point is not to improve any aspect of the insurance industry, it is to expand government power and control.

When a business does something, people usually construe it to be in the business's interest. But when government does something, people don't think of it in terms of the government doing it in its own interest. Sometimes businesses or trade associations/unions will spin their actions as being in the concumer's interest, and we instantly scoff and realize that these entities act only and ever in their own interests.

When government is acting outside of its constitutionally-mandated sphere of power, it coaches its actions as being in the interests of business, the consumer, the working family, etc, but this is spin. Always see extra-constitutional government activity as flowing from a self-interested entity and not an altruistic, benevolent and benign institution, and you will see things more clearly, glasshoppah.
Subject Posted By Posted On
RE: Why so complicated? Willy
Aug 6, 2007, 1:57 pm
Why so complicated? Actuary
Aug 6, 2007, 1:49 pm
RE: Cross Subsidization Fox
Aug 6, 2007, 1:07 pm
RE: RE: Cross Subsidization Willy
Aug 6, 2007, 12:52 pm
Cross Subsidization actuary
Aug 6, 2007, 9:22 am
Back to article

Post a Comment

.