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Politics : Formerly About Advanced Micro Devices
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To: TigerPaw who wrote (257670)10/31/2005 1:32:27 PM
From: bentway  Read Replies (1) of 1577489
 
My complaint with them was that they promised up and down that rates would go DOWN when they got the mandantory auto laibility passed, and they have gone UP ever since.

texasobserver.org

.."Governor Ann Richards had won election on a reform platform, following the insurance crisis of the 1980s. Her reforms created the benchmark system, whereby the commissioner of insurance set a rate for auto and home insurance, and companies had to charge customers within 30 percent of that rate, over or under. But the reform effort left in place a key loophole: For special homes that defied normal risk assessment, say ultra-expensive houses, companies could sell unregulated policies, known as Lloyd’s policies. That was all the thread the companies needed to unravel the whole system, said D.J. Powers of the Austin-based Center for Economic Justice."..
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