You know, the general public, and even us agents, are starting to get a little suspicious. If massive catastrophes sweeping changes in law and other dynamic forces don’t cause reinsurance and insurance rates to go up then aren’t they just charging way too much in the first place? I mean, if you can sustain $79 billion in losses and still remain profitable, shouldn’t there be a de facto $79 billion in rate reductions?
Not to fear folks, no rate increases in the offing.
You know, the general public, and even us agents, are starting to get a little suspicious. If massive catastrophes sweeping changes in law and other dynamic forces don’t cause reinsurance and insurance rates to go up then aren’t they just charging way too much in the first place? I mean, if you can sustain $79 billion in losses and still remain profitable, shouldn’t there be a de facto $79 billion in rate reductions?