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To: reaper who wrote (219638)	2/7/2003 4:15:16 PM
From: NOW	Read Replies (2) \| Respond to of 436258

Reaper: even if they begin in earnest to write policies that cover the costs, that would take years to matter wouldnt it? Are not these very low interst rate times hardest for insurance co's?

To: reaper who wrote (219638)	2/7/2003 4:20:03 PM
From: yard_man	Read Replies (1) \| Respond to of 436258

>>which means rates have to go WAY up; its the only way << Which drives up the cost of doing business with nothing to add to productivity or profitability. I am sure for some, this means going without coverage for catastrophes that were formerly affordable to cover ... biz.yahoo.com (coming to a big tech co at some pt, I'd bet) Just add this to pension liabilities if they decide to keep the coverage at the same level, which they probably won't -- this pushes cost down to the worker -- less to leverage their consumption with -- It's not that we can't all retire millionaires, but we can't even retire with a more modest nest egg and have the same level of benefits -- throw away those retirement calculators -- they were off by two orders of magnitude. What you need is a whole bunch more -- a few million ain't gonna be worth 10k by the time the Fed Reserve gets done destroying productive capacity.