Interesting in that Property and Casualty insurance is not a monopoly, but a business with many market choices for the consumer to choose.
Clothing companies, for instance, offer products at prices based not only on the cost of producing the product, but also the demand. Levis jeans are more expensive than a generic brand of the same quality and material because the tag creates a higher demand. Same goes for foods such as cereal as well as many other products.
These regulators should focus on industries where consumers have little choices such as hospitals and cable tv providers.
Because FEMA’s done so well with it.
posted on the wrong article?
This used to be called “red-lining”. Where are the regulators?
Interesting in that Property and Casualty insurance is not a monopoly, but a business with many market choices for the consumer to choose.
Clothing companies, for instance, offer products at prices based not only on the cost of producing the product, but also the demand. Levis jeans are more expensive than a generic brand of the same quality and material because the tag creates a higher demand. Same goes for foods such as cereal as well as many other products.
These regulators should focus on industries where consumers have little choices such as hospitals and cable tv providers.