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![]() "Chuck Gould" wrote in message ups.com... NOYB wrote: I'd like to see the insurance industry regulated the way that public utilities like power companies are regulated. That's pricless. Gore the right ox, and suddenly even the staunchest of conservatives is calling for more government regulation of private industry. :-) All the comparisons about terrorist threats being greater in NY, Seattle, Chicago or what not don't have anything to do with why your boat insurance is so high and whether or not it should be so high based on the risk you choose to run by living where hurricanes are commonplace. Your boat insurance premuims aren't underwriting losses suffered by terrorist attack in large cities, and if there is some sort of insurance premium one can pay to be insured against loss by terrorism- none of that money if going into a fund to buy new boats for Floridians who get smashed up by a hurricane. The insurance companies should not be forced to sell you cheap insurance, or even accept ridiculous levels of risk if they don't want to. Falls under the category of free enterprise, don't you know. I'd like to buy insurance against getting one year older next birthday- but there isn't anybody willing to write it at any price because it is a certainty that if I live to my next birthday I will indeed be a year older. Rather than call for government regulation forcing people to sell policies that don't make any sense, I think I'll just adapt to getting older. Seriously, it's a darn shame that you guys are having trouble buying boat insurance down there- but no company should be forced to make suicidal business decisions just to make boating more convenient in the hurricane zone. Gas may also do it. Took the boat out today, and filled up at $2.92 gallon at Costco and put $99 in the boat. $3.19 for diesel and $75 for that this evening. |
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