Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Stockman Scott's Political Debate Porch -- Ignore unavailable to you. Want to Upgrade?

To: Karen Lawrence who wrote (24767)	8/8/2003 7:28:53 PM
From: lurqer	Read Replies (1) \| Respond to of 89467

Did they run in the red for a couple of years as a result? Some believe that insurance rate increases are the result of loses in the collapse of the stock market. During the boom years of the 1990s, insurance companies invested heavily in the stock market. With favorable returns, they were able to keep premium costs low and still make fat profits. When a national recession took hold this decade, however, the stock market stumbled, and insurers lost money. They in turn raised premium rates, at least in part to offset their losses, the argument goes. from njccj.org Don't you wish you could just "raise rates" to make up any loses? lurqer

To: Karen Lawrence who wrote (24767)	8/8/2003 7:42:39 PM
From: Lizzie Tudor	Read Replies (1) \| Respond to of 89467

ok... well it is obvious you know more about this issue than I... I do recall seeing a 60 minutes episode regarding a county in mississippi that is used by trial lawyers all over the country for lawsuits against drug companies. The plaintiffs deliberately take unsafe dosages and then sue... and usually win millions, sounded like a scam to me. No fan of drug companies here but I don't like the lawyer lobbies either. A lot of the class actions that Lerach initiates against tech companies are completely bogus... of course there are the few that are legitimate too. Still you could make a case that these frivolous lawsuits need to be contained. OK that is the ONE THING that Bush has worked on that is not black and white bad in my book. The ONE THING. Thats it though!