Considering that this segment of business economy caused the economic mess, they should pay higher premiums. In fact, they should be much higher. If you are involved in an accident and it’s your fault, your personal auto carrier whacks you with a surcharge that stays on for 3 years. Financial institutions should be merit rated on their loss experience. Much of their poor behavior can be attributed to knowing they have insurance to pay for their blunders.
Considering that this segment of business economy caused the economic mess, they should pay higher premiums. In fact, they should be much higher. If you are involved in an accident and it’s your fault, your personal auto carrier whacks you with a surcharge that stays on for 3 years. Financial institutions should be merit rated on their loss experience. Much of their poor behavior can be attributed to knowing they have insurance to pay for their blunders.