National News
Viewing comments for:
Conn. AG Alleges Reinsurance Antitrust Conspiracy Drives Up Consumer Prices
National News • October 9, 2007
A lawsuit against a major reinsurance broker for alleged antitrust activity in Connecticut is being used to raise broader questions about the largely unregulated reinsurance business.
Connecticut ...
Insurance Journal is not responsible for the content of the message below.
| Subject | Posted By | Posted On |
|---|---|---|
| Is this going on in Mass.? | Arthur D. Calfee | Oct 10, 2007, 11:27 am |
| I wish | Mark | Oct 9, 2007, 1:28 pm |
| Here we go again... politician runs amok! | Umpiire | Oct 9, 2007, 1:05 pm |
| Merit?? | Mr. Obvious | Oct 9, 2007, 12:51 pm |
| Back to article | ||
Subject: I wish
I see the real price contraints as:
1) ebb and flow of capital. Seems to me it is flowing into the biz right now.
2) the number of trained underwriters available to review and quote submissions (balanced by the proliferation of Expert Systems, which are presently designed for small, homogeneous risks). We seem to be running out of these folks due to the depletion of the Training budgets over the last 15 years.
3) Losses. Loss ratios are looking pretty good right now.
Sorry, Mr. AG, but due to ease of entry our business is not so easily manipulated, at least for very long. Maybe you should stalk some Knights Templar conspiracy.