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- Newsgroups: misc.consumers
- Path: sparky!uunet!ftpbox!mothost!lmpsbbs!markr
- From: markr@mot.com (Mark)
- Subject: Re: Florida disaster raise auto or home insurance rates?
- Reply-To: markr@mcil.comm.mot.com
- Organization: MCIL
- Date: Tue, 1 Sep 1992 14:10:47 GMT
- Message-ID: <1992Sep1.141047.29767@lmpsbbs.comm.mot.com>
- References: <9208312234.AA04488@tyrell.CFSMO.Honeywell.COM>
- Sender: news@lmpsbbs.comm.mot.com (Net News)
- Nntp-Posting-Host: 145.9.14.26
- Lines: 25
-
- In article <9208312234.AA04488@tyrell.CFSMO.Honeywell.COM> ottoh3@CFSMO.Honeywell.COM (Otto Heuer #3) writes:
- >
- >The person in the office next to mine was mentioning today how he was
- >expecting his car and home insurance rates to rise quite a bit due to
- >the damage done in Florida this past week (several billions of dollars
- >in claims filed).
- >
- >My question: can they really do this (raise rates (in Minnesota in my
- >case) becase they get stuck with a hefty bill in Florida)?
-
- Isn't the purpose of Insurance companies to spread the risk around
- a large number of people ?
-
- >Should I start looking for an insurance company that doesn't serve
- >the Florida area (and therefore wasn't (and won't be in the future)
- >effected by disasters in other states?
-
- Most competitive insurance companies try to serve as many customers
- as possible, that means as many states as possible. (except for auto
- insurance where certain states have laws which prevent the ins. co. from
- making a reasonable return)
-
- mark
-
-
-