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From: dricej@drilex.UUCP (Craig Jackson)
Newsgroups: net.misc
Subject: Re: Insurance Industry
Message-ID: <135@drilex.UUCP>
Date: Sat, 3-May-86 10:47:47 EDT
Article-I.D.: drilex.135
Posted: Sat May  3 10:47:47 1986
Date-Received: Thu, 8-May-86 04:17:45 EDT
References: <5981@allegra.UUCP> <484@tekla.UUCP>
Organization: Data Resources, Inc., Lexington, MA
Lines: 33
Summary: How do I become an insurance company?

In article <484@tekla.UUCP>, robertv@tekla.UUCP (Robert Vetter) writes:
> 
> 	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.
> 
> Rob Vetter
> (503) 629-1291
> [ihnp4, ucbvax, decvax, uw-beaver]!tektronix!tekla!robertv


Sounds like a great deal.  How do I get in on it?

Seriously, when you look at things like this, you should also look at what
are the barriers-to-entry in the given field.  One of the reasons why the
insurance problem is so frustrating is that they have an apparent monopoly.
By and large, we've given them that monopoly.  I suspect that it's a real
pain to start a new insurance company, even one that had sweetness, light,
and special favors for low-income people as its intent.  Here in Massachusetts
insurance is so regulated that no self-respecting businessman would put up
with it; we still have a malpractice insurance crisis.

(Yes, I meant to say that I can't understand why anybody would write insurance
in Massachusetts.)
-- 
Craig Jackson
UUCP: {harvard,linus}!axiom!drilex!dricej
BIX:  cjackson