thunder wrote:
On Thu, 19 May 2005 16:42:19 -0400, JimH wrote:


Huh? An insurance companies job *is* risk assessment.


Forgot to add. If you think this decision to pull out was not
based on a
risk assessment then you indeed do not know anything about the
business.

If they were doing
their job correctly, they would be making money regardless of the
risk.

Pure hogwash. I guess you don't know anything about the business.

Well then, enlighten me. There has always been a risk of hurricanes
in
Florida. Insurance companies have always been writing policies in
Florida. If they are not making money, what is the problem? If it's
not
improper risk assessment, what is it?

It's called population. The old time Floridians had enough sense to
stay back inland somewhat, the newcomers came and built as close to the
beach as they could.