I totally agree – I officially call this the “Year of the Tornadoes”. Look at Georgia – they have great rates and now all of the tornadic activity. It’s like no where is safe.
How about the year of bad investments?! Insurance companies, many of whom invested in risky OTC derivatives, are going to have to make up their losses by pricing risk accordingly. Imagine that?!
I read some crazy things on these posting, but for you to insinuate that an Insurance Company will use common sense in their pricing of a risk just takes the cake.
Insurance Companies are not smart enough to make a consistent profit.
You will always have companies who will lower their pricing (whether actuarially sensible or not) and all of the other blind sheep will follow them.
Seems to me the frequency, strength and destructive nature of tornadic activity this year should already have set the wheels in motion…
I can’t remember the last time the news reported so many events – – and in places you would never, or rarely even expect
Keep our fingers crossed that this years hurricane predictions are wrong… for the sake of our coastal residents
I totally agree – I officially call this the “Year of the Tornadoes”. Look at Georgia – they have great rates and now all of the tornadic activity. It’s like no where is safe.
How about the year of bad investments?! Insurance companies, many of whom invested in risky OTC derivatives, are going to have to make up their losses by pricing risk accordingly. Imagine that?!
Michelle:
I read some crazy things on these posting, but for you to insinuate that an Insurance Company will use common sense in their pricing of a risk just takes the cake.
Insurance Companies are not smart enough to make a consistent profit.
You will always have companies who will lower their pricing (whether actuarially sensible or not) and all of the other blind sheep will follow them.