I’d like to know what the CA DOI thinks a “low loss ratio” is. Hopefully they also considered all the “expenses” a carrier has when writing this business. Finally, I have been involved in writing this business in the past, in California and othwr states and can say without hesitation that the people that are forced to pay for this insurance do have the opportunity to buy their own insurance, but they fail to do so, after being advised to do so more than once. Translation—most of these people are SLUGS!!!!
I’d like to know what the CA DOI thinks a “low loss ratio” is. Hopefully they also considered all the “expenses” a carrier has when writing this business. Finally, I have been involved in writing this business in the past, in California and othwr states and can say without hesitation that the people that are forced to pay for this insurance do have the opportunity to buy their own insurance, but they fail to do so, after being advised to do so more than once. Translation—most of these people are SLUGS!!!!