Funny how no one will say what an “actuarially sound” rate is or when the rates will be high enough to reach an actuarially sound rate….sounds like bulldinky to me!Just another way to keep raising rates! What a JOKE!!! hahhahahahahah
Actuarially sound would be the rates each company has tried to file for years with no success. I don’t think we have been able to get an increase of any kind though FL for over 4 years. It doesn’t matter what the numbers are to back the increase, they turn it down.
To an insurance company, an actually sound rate is one that will…
> adequate to cover expected losses
> adequate to establish sufficent reserves to cover catastrophe losses
> adequate to cover costs and operating expenses
To an insurace consumer, an actually sound rate is one that will…
> cause me to pay higher premiums than I do now.
> cause me to pay higher premiums than I do now.
> cause me to pay higher premiums than I do now.
Funny how no one will say what an “actuarially sound” rate is or when the rates will be high enough to reach an actuarially sound rate….sounds like bulldinky to me!Just another way to keep raising rates! What a JOKE!!! hahhahahahahah
Actuarially sound would be the rates each company has tried to file for years with no success. I don’t think we have been able to get an increase of any kind though FL for over 4 years. It doesn’t matter what the numbers are to back the increase, they turn it down.
To an insurance company, an actually sound rate is one that will…
> adequate to cover expected losses
> adequate to establish sufficent reserves to cover catastrophe losses
> adequate to cover costs and operating expenses
To an insurace consumer, an actually sound rate is one that will…
> cause me to pay higher premiums than I do now.
> cause me to pay higher premiums than I do now.
> cause me to pay higher premiums than I do now.
DWT, your response is statistically valid.