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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: bonnuss_in_austin who wrote (257550)	5/22/2002 3:15:34 AM
From: DuckTapeSunroof	Respond to of 769670

Don't know of any reasons for rapid escalation of rates.... But, as far as Auto, if car bumpers could pass even minimally stronger collision requirements... likely a good chunk of the damage bills would vanish. As to homeowners, can't think of any factor that has increased the risks. Same with business liability insurance (Whoa... there is that little "Crooked E"-bred accounting scandal). Perhaps we should turn to the nuclear industry model: any potential economic loss greater than $1 billion is picked up by the taxpayers (Price Anderson Act). Has been for over 30 years... that's possibly the only reason we have a nuclear industry at all, the free market doesn't seem to feel it's particularly low risk. (NRC estimates a major containment breach and meltdown - as in a 'successful' terrorist attack - could average $200 billion in damages and, in their famous quote, cause the 'economic loss of an area the size of Pennsylvania'). Maybe that's the answer, just have the taxpayers subsidize it, it works for the vital mohair industry :)