insurance

[bmanning at vacation.karoshi.com (bmanning at vacation.karoshi.com)]

On Tue, Sep 20, 2011 at 03:21:51PM -0400, Randy Carpenter wrote:
> 
> > >> The reality is that with the mega-insurance companies able to set
> > >> whatever crazy premiums they feel like, and raise them every
> > >> other month, the cost of being fully insured is sometimes more
> > >> than what you can charge as a consultant.
> > > 
> > > This is just not true. Insurance companies are regulated by State
> > > Insurance boards. If an insurance company wants to raise rates,
> > > they
> > > have to submit a proposal to the their state insurance board. They
> > > can
> > > only raise rates for a "class" of customers. For example, all
> > > customers
> > > aged 50 - 62.
> > > 
> > 
> > This is generally NOT true for E&O and Professional liability
> > insurance.
> > 
> > For the most part, that goes largely unregulated. The state insurance
> > boards
> > tend to focus on consumer-oriented forms of insurance (auto, home,
> > life).
> > 
> > Owen
> 
> Yep. I don't remember the specifics, but our quote was ridiculous (like $thousands per month). Our health insurance premiums also goes up 30+% nearly every year. So much for regulation there...
> 
> -Randy

	Back n the day - I used Hartford for insurance.  It was very reasonable.
	Premiums went up once in the 15yrs we were active.

/bill