Quote:
Originally Posted by macker
Quote:
Originally Posted by Bobblehead
Well, true, but they aren't losing the money because of insurance settlements.
I'm not sure a rate increase to me should be covering their stock market losses.
|
Who is going to cover it then? Let me know as unfunded pension liability would also like to know....
|
Well isn't it a conflict of interest if they are taking the money I am paying for insurance then gambling that on the stock market? I would think that there would need to be some sort of distinction or separation.
Otherwise that is a heck of a gig - make it a law that people must buy your product, then use that money to gamble on the stock market. Talk the government into putting a cap on the amount you may ever need to pay out on the premiums, and start swimming in the suckers money a la Scrooge McDuck.
__________________
"The problem with any ideology is that it gives the answer before you look at the evidence."
—Bill Clinton
"The greatest obstacle to discovery is not ignorance--it is the illusion of knowledge."
—Daniel J. Boorstin, historian, former Librarian of Congress
"But the Senator, while insisting he was not intoxicated, could not explain his nudity"
—WKRP in Cincinatti
|