NOYB wrote:


But the Feds have no regulatory control. They're exempt from the Sherman
Anti-Trust Act!


Now if there were uniform Federal standards instead of individual state
standards, the companies couldn't cherry-pick which states that they want to
do business in.


Hey there, whoever you are, get the heck off the computer and stop
forging NOYB's id.
NOYB is a conservative. To hear him calling for increased government
control and for the FEDGOV to ride roughshod over local control and
states' rights would be as shocking as, well,........learning that
Pluto isn't really a planet!


It doesn't make any sense for boat insurance companies to "average" the
risk of loss against all policies in the country. It makes more sense
for an individual's boat insurance premiums to reflect, as accurately
as possible, his or her personal risk of loss.

We had a similar situation here in Washington with health insurance. A
few years ago, the state legislature passed a law that said any company
writing health insurance in Washington could not refuse coverage to any
individual. The insurance companies could set the rates to reflect the
risk, of course, but they couldn't actually refuse anybody because they
presented too great a risk. Net result: A lot of insurance companies
just stopped writing health insurance in Washington, period. After all,
what sort of premiums
can be charged to cover the cost of caring for some of the AIDS
patients who require many thousands of dollars in prescriptions each
month just to delay their certain death?

It's the same reason that you have trouble buying full coverage
mechanical insurance on a boat these days. Time was that if you blew up
your 5000 hour diesel engines the insurance company would scratch out a
check for $40,000 to offset your "loss". Not typical anymore. The
premiums charged cannot even begin to offset the almost certain "loss"
that every boat will eventually experience. The only reason you can buy
boat insurance from any carrier at any price in FLA is that some boats
will survive a hurricane, and most boats don't have to ride out a
hurricane in a specific location every year.