There is Government regulation for busses and tours, on both the federal and state level. Unfortunately, they didn’t write the regulations correctly. We need a smaller, smarter government!
I think there needs to be a balance between free enterprise and goverment regulation. When someone is operating unsafe vehicles, then yes, the goverment needs to step in. It appears from the article that all of the regualtions in the world are not going to stop this person from putting people/passengers in possible danger. It is because of people/business like the one featured, that we get over-regulations.
The last time someone complained to me about over regulations, they said the government requiring us to keep insurance on our homes is an example. Can you too give us an example of over regulations?
If the operator really is unsafe, then there will be an accident and someone will sue the socks off the operator putting him out of business. (With insurance this may take a little longer as the insurer will buffer the owner from this. But eventually no insurer will take on the risk as it continues to have claims) – oh wait, unless the gov’t forces a the industry to have cover them. But eventually the free market would solve this without the need for gov’t oversight.
Gov’t regulation is an alternate path with the same goal. Both approaches can have collateral damage in getting to their end goal.
So, with no oversight or regulation, we just wait for lawsuits to get through the courts. Brilliant! How many accidents, injuries, and deaths are acceptable?
And before you collateral damage occurs with oversight, please be reminded that there is currently no oversight, AND I am suggesting that in this case we need more.
And when the operator – or their carrier – pays out the paltry $5mil to cover the 14 new quadrapeligic pre-teens, the plaintiff’s lawyers will jump all over the deep pockets of the bus manufacturer who “knowingly” built the bus in 2001 with no seatbelts, even though the operator had the opportunity to retrofit the coach, and even though the driver and operator were negligent as the driver exceeded his on-shift hours and fell asleep at the wheel.
I know, because right now I’m looking at similar builder’s loss runs, trying to determine how to craft a renewal.
We see a LOT of these – they don’t shut down for good because they have been sued. They file bankruptcy, close the business, and open up another bus company the next week under the wife’s name or the cousin’s name, etc. So the insurance company doesn’t even know about the claim since it was a different entity altogether. One such case I declined to quote as I found the confirmation I was looking for on Facebook…
Jon…. I think part of the point of the article is that when the goverment shuts them down in one place, the same company pops up in another place as a brand new firm. Newly organized, maybe changing around officers and they don’t have loss runs to underwrite because the “bad things” happened at the other transportation firm — not this one. So the cycle of unsafe conditions continue.
A perfect example of why we need government oversight and regulation. I ask all of you “small government” people, why no regulation is a good thing.
There is Government regulation for busses and tours, on both the federal and state level. Unfortunately, they didn’t write the regulations correctly. We need a smaller, smarter government!
I get the “smarter” part……please explain how “smaller” (which I assume means less regulation and oversight) would solve this dilemma.
I think there needs to be a balance between free enterprise and goverment regulation. When someone is operating unsafe vehicles, then yes, the goverment needs to step in. It appears from the article that all of the regualtions in the world are not going to stop this person from putting people/passengers in possible danger. It is because of people/business like the one featured, that we get over-regulations.
The last time someone complained to me about over regulations, they said the government requiring us to keep insurance on our homes is an example. Can you too give us an example of over regulations?
The old joke about buses and lawyers comes to mind…
If the operator really is unsafe, then there will be an accident and someone will sue the socks off the operator putting him out of business. (With insurance this may take a little longer as the insurer will buffer the owner from this. But eventually no insurer will take on the risk as it continues to have claims) – oh wait, unless the gov’t forces a the industry to have cover them. But eventually the free market would solve this without the need for gov’t oversight.
Gov’t regulation is an alternate path with the same goal. Both approaches can have collateral damage in getting to their end goal.
So, with no oversight or regulation, we just wait for lawsuits to get through the courts. Brilliant! How many accidents, injuries, and deaths are acceptable?
And before you collateral damage occurs with oversight, please be reminded that there is currently no oversight, AND I am suggesting that in this case we need more.
And when the operator – or their carrier – pays out the paltry $5mil to cover the 14 new quadrapeligic pre-teens, the plaintiff’s lawyers will jump all over the deep pockets of the bus manufacturer who “knowingly” built the bus in 2001 with no seatbelts, even though the operator had the opportunity to retrofit the coach, and even though the driver and operator were negligent as the driver exceeded his on-shift hours and fell asleep at the wheel.
I know, because right now I’m looking at similar builder’s loss runs, trying to determine how to craft a renewal.
We see a LOT of these – they don’t shut down for good because they have been sued. They file bankruptcy, close the business, and open up another bus company the next week under the wife’s name or the cousin’s name, etc. So the insurance company doesn’t even know about the claim since it was a different entity altogether. One such case I declined to quote as I found the confirmation I was looking for on Facebook…
Jon…. I think part of the point of the article is that when the goverment shuts them down in one place, the same company pops up in another place as a brand new firm. Newly organized, maybe changing around officers and they don’t have loss runs to underwrite because the “bad things” happened at the other transportation firm — not this one. So the cycle of unsafe conditions continue.