Hasn’t this state fallen off the edge of the earth yet? When it does, they will probably try to make insurance companies pay for that too! Brainless wonders!
Two points: How did the insurance companies ever manage to properly underwrite a risk prior to credit scoring? No matter how one looks at it, even the best of actuaries, Credit Scoring is NOT a “crystal ball” and does more harm to one’s personal privacy than the good accomplished.
Secondly, Mr. Sorich seems to have warped reasoning pertaining to labor. It cost just as much for a contractor to rebuild at ACV as it does RC. Depreciating labor is a “double whammy” to the insured. Insurance companies simply do not want to pay claims anymore. If you have a claim in one house and move into another, the company won’t insure the place you moved into because of the claim on the place you moved from. Personally, I think it belongs on the “That’s Outrageous” pages of the Readers Digest.
this is the same bunch that thinks you can spend yourself to posterity (as long as it’s the tax payers money – not theirs) we need to get rid of them the same as we did with Gov. Davis
I attended both the assembly and senate legislative committee hearings yesterday and I see a consistent problem in the process of how bad law gets passed.
1) These laws are drafted in an attempt to fix a real or perceived problem with very little understanding of their impact on the industry or why it may not have the intended result of solvingin a problem.
2) The legislators need to be properly informed to make decisions about the laws they pass – which I saw little evidence of yesterday.
3) The insurance industry did not put together arguements in opposition (particularly in the case of SB 1855) that would inform and convince the legislators about the shortcomings of the drafted legislation.
Hasn’t this state fallen off the edge of the earth yet? When it does, they will probably try to make insurance companies pay for that too! Brainless wonders!
Two points: How did the insurance companies ever manage to properly underwrite a risk prior to credit scoring? No matter how one looks at it, even the best of actuaries, Credit Scoring is NOT a “crystal ball” and does more harm to one’s personal privacy than the good accomplished.
Secondly, Mr. Sorich seems to have warped reasoning pertaining to labor. It cost just as much for a contractor to rebuild at ACV as it does RC. Depreciating labor is a “double whammy” to the insured. Insurance companies simply do not want to pay claims anymore. If you have a claim in one house and move into another, the company won’t insure the place you moved into because of the claim on the place you moved from. Personally, I think it belongs on the “That’s Outrageous” pages of the Readers Digest.
Touché Jere!
this is the same bunch that thinks you can spend yourself to posterity (as long as it’s the tax payers money – not theirs) we need to get rid of them the same as we did with Gov. Davis
I attended both the assembly and senate legislative committee hearings yesterday and I see a consistent problem in the process of how bad law gets passed.
1) These laws are drafted in an attempt to fix a real or perceived problem with very little understanding of their impact on the industry or why it may not have the intended result of solvingin a problem.
2) The legislators need to be properly informed to make decisions about the laws they pass – which I saw little evidence of yesterday.
3) The insurance industry did not put together arguements in opposition (particularly in the case of SB 1855) that would inform and convince the legislators about the shortcomings of the drafted legislation.