I’m sure you’ve all heard the lines about statistics. Texas is statistically ‘average’ in number of markets compared to the size of our market. So? Our market is huge. Doesn’t that necessarily mean, in terms of real numbers, that we actually have more domiciled insurers than other states? Then why should this be a cue–to someone who claims to be adverse to legislation no less–to: further increase rates (#1 will increase costs for many markets), let insurers gamble premium dollars and have greater leeway to use the kind of financial voodoo that got AIG in trouble (that’s how I interpreted ‘allow additional investment authority’), give premium tax credits at will (#5), and lower premium tax rates (#6)?
Texas went from a deficit of over $20 billion to an $8 billion surplus. The state is not adequately funding things like education. Tax credits should not be on the table.
I would say the 12th largest in the “world” is a pretty big market. Some companies have seen the statistics on the variety of weather claims reported and Loss Ratios and may be a little hesitant. It is a good state for a lot of lines and it does have Tort Reform and a good environment. All of the big national carriers are here already. They just have branch or regional offices. I wonder how big the Iowa insurance market is Planet>
Well, we are the third largest insurance capital in the world. It goes London, Hartford, Des Moines. Forbes magazine loves us, too. Just google it, Agent. We are also a liberally leaning society here who believes in science and marriage equality. It used to be pretty boring here, but we are becoming more and more hip every year. Heck, maybe month. If it weren’t for our winters, we’d attract a lot more people. And, remember what Jack Kerouac said about Des Moines. You should also google “Iowa Nice” – good video and gives you some insight as to what we’re all about here.
I’m sure you’ve all heard the lines about statistics. Texas is statistically ‘average’ in number of markets compared to the size of our market. So? Our market is huge. Doesn’t that necessarily mean, in terms of real numbers, that we actually have more domiciled insurers than other states? Then why should this be a cue–to someone who claims to be adverse to legislation no less–to: further increase rates (#1 will increase costs for many markets), let insurers gamble premium dollars and have greater leeway to use the kind of financial voodoo that got AIG in trouble (that’s how I interpreted ‘allow additional investment authority’), give premium tax credits at will (#5), and lower premium tax rates (#6)?
Texas went from a deficit of over $20 billion to an $8 billion surplus. The state is not adequately funding things like education. Tax credits should not be on the table.
What? I thought everything in Texas was bigger.
I would say the 12th largest in the “world” is a pretty big market. Some companies have seen the statistics on the variety of weather claims reported and Loss Ratios and may be a little hesitant. It is a good state for a lot of lines and it does have Tort Reform and a good environment. All of the big national carriers are here already. They just have branch or regional offices. I wonder how big the Iowa insurance market is Planet>
Well, we are the third largest insurance capital in the world. It goes London, Hartford, Des Moines. Forbes magazine loves us, too. Just google it, Agent. We are also a liberally leaning society here who believes in science and marriage equality. It used to be pretty boring here, but we are becoming more and more hip every year. Heck, maybe month. If it weren’t for our winters, we’d attract a lot more people. And, remember what Jack Kerouac said about Des Moines. You should also google “Iowa Nice” – good video and gives you some insight as to what we’re all about here.