minimum wage

[dawgball]

djv--you have to remember that the personnel make-up of a company can change, so that could contribute to one particular company's hike. I am not saying that is the case, but you can not use one specific example as defense.

I don't think litigation is the sole cause of insurance hikes, but I don't think anyone would disagree that the number of lawsuits are ever-increasing at a exponential rate, so to compare history is not exactly fair either.

Just my view.

 

[DOGS THAT BARK]

DJV A little on actuarial anticipation of profits on insurance companys. If they could take in premiums exactly what they pay out in claims and expenses the would be thrilled. Where they make their profit is on investments while holding the premiums.
Thus you have had many pull out of malpractice as I stated before.

Health premiums we discussed in detail previously.

Auto: drunk drivers are of little effect on premiums.
Tried staged accidents--auto theft and litigation--also would you want to cover any vehicle and park it in some areas of U.S.
I get no break on my own premiums and they have went up less than 15% in pasrt 10 years. My premiums are modest due to area I live in--now if I moved to down town cinn they would increase substancially and justifiably so.

Homeowners: I've had one minor increase due to coverage being automatically adjusted due to inflation since 1992 when house was built. Again depends where you live. We have never had anyone get pissed and torch their own neighborhood here. I truely have expected an increase to offset claims in other areas--fortunately my carrier does not write in CA where all the fires desroyed all the homes--Then you have reinsurers that cover the catastrphic claims such as 9-11 and pending litigation there,hurricanes ect.

Its about risk--do you want to self insure (no insurance) or transfer the risk. It that simple.
Personally I rather pay the $438 a year than take a chance on nothing ever happening to my house.
I'll pay $800 a year to cover myself against liabilty on my autos.

Thats $1,200 a year--If things get to tough to handle it I'll just cut back on cable tv and eat out one day less a month.
Just depends where a persons priority is and whats at risk.

 

[Bombs]

Eddie's argument would make more sense if every malpractice case involved "chopping off the wrong leg" or some other equally egregious error.

Instead, in our overly litigenous environment, the majority of malpractice cases hinge around KNOWN COMPLICATIONS AND RISKS of procedures that should not result in any form of a lawsuit when they occur. Unfortunately, people and patients in this country always want a risk free ride.

 

[djv]

bombs you are righ there is always some of that. It's like we want our gas furnace to work right everytime we turn it on so it don't blow the house up. And on and on we can go. However the high risk procedures. Many states make you sign there off the hook if things dont workout.

 

[dr. freeze]

bombs you are righ there is always some of that. It's like we want our gas furnace to work right everytime we turn it on so it don't blow the house up. And on and on we can go. However the high risk procedures. Many states make you sign there off the hook if things dont workout.

spend almost 20% of my time doing this....do you think those forms help in court? lmao

 

[djv]

When it's do or die you dam right.