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From: robertv@tekla.UUCP (Robert Vetter)
Newsgroups: net.misc
Subject: Re: Insurance Industry
Message-ID: <484@tekla.UUCP>
Date: Fri, 4-Apr-86 19:20:56 EDT
Article-I.D.: tekla.484
Posted: Fri Apr  4 19:20:56 1986
Date-Received: Sun, 27-Apr-86 16:17:37 EDT
References: <5981@allegra.UUCP>
Reply-To: robertv@tekla.UUCP (Robert Vetter)
Organization: Tektronix, Inc., Beaverton, OR.
Lines: 37

In article <5981@allegra.UUCP> dsf@allegra.UUCP (David Fox) writes:
>I've been hearing some bad stuff about the insurance industry recently.
>For example, 60% of all daycare centers had their rates go up 300 - 400%,
>despite the fact that 90% never collect on their policies and the
>largest claim last year was $15,000.  The industry claims that rates
>are going up due to the proliferation of lawsuits and large awards, but
>others claim that even if you add all the awards together you get an
>amount which is insignificant to the industry.  I realize that these are
>vague allegations and statistics, but I keep hearing about this.  Does
>anyone have any facts and/or opinions about this?		-david


	As long as:
		1) Carrying of certain types of insurance is required
			by law.
		2) Regulation of rates is almost non-existant.
		3) Insurance companies can raise rates from a
			few well publicized events (beyond actual
			requirements).
	we will be required to to pay through the nose.


	I understand that current rate hikes across the board are
	based on who can pay and the fact that poor investments
	were made by the insurance companies in a depressed economy.


	I wish I could bill my employer when my investments bomb.



Rob Vetter
(503) 629-1291
[ihnp4, ucbvax, decvax, uw-beaver]!tektronix!tekla!robertv

"Waste is a terrible thing to mind" - NRC
  (Well, they COULD have said it)