In regards to Terrorism, CFA is completely wrong and needs to read TRIA. The industry pays a substantial deductible and is taking on catastrophic risk. After that teh fed stand in but that money has to be paid back.
Maybe CFA ought to get in to the insurance business, seeing as how its people know so much about how to run insurance companies. Imagine: insurance at a cheaper price, brought to you by the know-it-all consumer advocates. That would be real consumer advocacy.
Surprise, surprise! Robert Hunter railing against the insurance industry again/still! The best response to Hunter and his ilk is to conduct our business professionally and honorably, serving the interests of our clients as if they are our own. Comforting that such a course of action tends to render the “Hunters” irrelevant.
I agree with GB. It’s amazing how easy it is for someone like Mr. Hunter to tell everyone else how to run their business. When I see the Robert Hunter Insurance Company open for business I will be sure to have my agent perform a due diligence to make sure it is worthy of my business. Oh, and speaking of TRIA. How about Mr. Hunter inform everyone how much the government cost the insurance companies in administration expenses when TRIA was forced upon them?
Unfortunately, in posting here, we are preaching to the choir. Groups like this clearly do not believe in competition as being adequate to regulate rates. It needs to be pointed out to them that the states with the highest rates are the ones that have the most state government regulation.
If you do a little checking on the web you will see that this guy has been spouting this jibberish for many years. I tried to find a CV for him and couldn’t locate one. Curious about his credentials. I agree with the others: if he is such a genius how about bringing about $1BB in capital into the industry and taking a shot? Given that the industry combined ratio is about 104 right now I’m sure he can begin setting things right almost immediately.
Robert Hunter is an idiot and along with Governor “Ma” Richards, did everything he could to ruin the insurance industry in Texas. Hunter has never said an intelligent thing in his life from what I have read in his public statements. It is amazing that he could find a job anywhere. He just puts out a tirade every now and then to get his name in print. What a bozo!
Try being on the “client side” when your insurance carriers double or triple your property premiums just because you fall into a tier 1 area where the RMS 11 model basically dictates that your carrier cut its capacity, but still gets the same premium dollars.
In regards to Terrorism, CFA is completely wrong and needs to read TRIA. The industry pays a substantial deductible and is taking on catastrophic risk. After that teh fed stand in but that money has to be paid back.
Maybe CFA ought to get in to the insurance business, seeing as how its people know so much about how to run insurance companies. Imagine: insurance at a cheaper price, brought to you by the know-it-all consumer advocates. That would be real consumer advocacy.
Surprise, surprise! Robert Hunter railing against the insurance industry again/still! The best response to Hunter and his ilk is to conduct our business professionally and honorably, serving the interests of our clients as if they are our own. Comforting that such a course of action tends to render the “Hunters” irrelevant.
I agree with GB. It’s amazing how easy it is for someone like Mr. Hunter to tell everyone else how to run their business. When I see the Robert Hunter Insurance Company open for business I will be sure to have my agent perform a due diligence to make sure it is worthy of my business. Oh, and speaking of TRIA. How about Mr. Hunter inform everyone how much the government cost the insurance companies in administration expenses when TRIA was forced upon them?
Unfortunately, in posting here, we are preaching to the choir. Groups like this clearly do not believe in competition as being adequate to regulate rates. It needs to be pointed out to them that the states with the highest rates are the ones that have the most state government regulation.
If you do a little checking on the web you will see that this guy has been spouting this jibberish for many years. I tried to find a CV for him and couldn’t locate one. Curious about his credentials. I agree with the others: if he is such a genius how about bringing about $1BB in capital into the industry and taking a shot? Given that the industry combined ratio is about 104 right now I’m sure he can begin setting things right almost immediately.
Robert Hunter is an idiot and along with Governor “Ma” Richards, did everything he could to ruin the insurance industry in Texas. Hunter has never said an intelligent thing in his life from what I have read in his public statements. It is amazing that he could find a job anywhere. He just puts out a tirade every now and then to get his name in print. What a bozo!
Vote for Pedro!
Try being on the “client side” when your insurance carriers double or triple your property premiums just because you fall into a tier 1 area where the RMS 11 model basically dictates that your carrier cut its capacity, but still gets the same premium dollars.
Perhaps Mr. Hunter should work on persuading state governments to let coastal windstorm rates rise to actuarially sound levels? Oh, I didn’t think so.