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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (327344)2/25/2007 3:00:09 PM
From: tejek  Read Replies (1) of 1577893
 
re: FLA and the whole Gulf Coast is having problems.

There is a serious problem with the insurance companies. And not just property. In essence insurance is gambling, and thus the industry is very regulated. It performs a social service; spreading risk. If they stop speading risk, then the social service doesn't apply, and they are just fixing the odds. It wouldn't fly in Vegas and it shouldn't fly in earthquake prone California, or tornado prone Kansas of Hurricane prone Florida.

Well said. Its their minimizing of risk that has led to their big jump in profit margins. To people like Tim, they don't see the downside to that move..........to them, its all good.

Their next step is health insurance. If they know your genes, they know their risk. Bottom line is people that need insurance can't get it and people that probably don't can. What service to society does that provide?

It would not surprise me. You can tell they are doing everything they can to limit coverage to people who are between the ages of 18-21. This is the first year in six that my health insurance provider has not raised the premiums across the board. I was shocked.......so were other customers. I think health insurance will be the first to explode as part of a bigger discussion of the insurance industry and what its job description is.
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