[StBernard] Insurers Retreat From Coasts

[Westley Annis]

My problem is not that a business has an obligation to its shareholders,
they should seek a profit and that is a function of a business.  My issue is
the obscene bonuses these CEO's and other corporate execs have been enjoying
for years at the expense of policyholders.  A few million dollars a year set
aside would have made a nice hedge.
rb
 
 
 
	-----------------------------------------------------
	
	Westley,
	
	Your comment "What is the difference if you sell $100,000 worth of
coverage
	against $200,000 worth of coverage?  At worst, it should just be
double the
	premium."   You put it in easy to understand logic.
	
	The major insurance carriers cannot refute that.  Allstate simply
asked for
	an increase, a 51% increase mind you, but it appears they are
looking to
	find a cost equation where they can continue to do business here.
But law
	should be passed that would prohibit insurance carriers from not
selling any
	particular type of coverage that they offer in any other state.
	
	John Scurich