Insurance Gripe!!

[Mr. Sandman]

http://biz.yahoo.com/ap/070111/katri...nce.html?.v=29

[PaulS]

As I said in an earlier post, the ins. comp. were deathly afraid of these types of verdicts. Now, everyone's prem. is going to go up as a result of this verdict. State farm may have taken it up the rear on this verdict, but I'm sure when my flood and homeowners ins. come up for renewal this year I'll be bending over. The ins. comp. are always going to win.

[Mike P]

Insurance companies never take it in the rear--2.5 million is like $25 to the rest of us.

Someone in the industry once told me that there has never been a case of a US insurance company going under, even during the Depression when banks were folding up like cheap card tables.