On Wed, 07 Sep 2011 15:46:24 -0400, wrote:

On Wed, 07 Sep 2011 12:48:53 -0400, X ` Man
wrote:

On 9/7/11 12:44 PM, wrote:
On Wed, 7 Sep 2011 06:13:03 -0700 (PDT), North Star
wrote:

http://thechronicleherald.ca/Metro/1261953.html


That will just raise the cost of everything you buy from any store.
Insurance companies spread this risk to all of us. The Lawyer takes
his 33-50% and keeps it all himself.


So, someone who is injured on a corporation's property should just grin
and bear it?

Nonsense.

The point is this did not cost WalMart anything. They have insurance
for it and that means we all pay.

Ultimately it is the customers who pay since the insurance premiums
are part of the price of all of the products you buy from any store.
That is the insidious problem with insurance. It spreads the cost of
just or unjust law suits equally. The idea that the insurance company
is hurt is ludicrous. It is just the cost of doing business and
reflected in next year's premiums.

Honestly, that's a pretty meaningless statement. "Consumers" pay for
lots of things. Insurance claims are just one of them, and they're a
tiny piece of the pie.