Those of you who have responded to this thread have express a populist view. However, often populist views ignore the economic view.
Underwriting is an important function because it is designed to study risk and either avoid it or ensure that adequate premium was being charged.
The economy tanked because banks forced by the government to issue loans that could never be paid. The underwriting criteria were ignored and we all ended up being penalized. And this same dangerous practice continues meaning we may face another bubble
The sink hole issue reared its ugly head when people in the Tampa area made a record number of claims many falsely claiming sink hole damage when in fact it was nothing more than normal settling of the foundations. They claimed heavy damages got paid and never did any repairs.
These are the type of issues that affect us all. another example are the record number of false claims coming from people living along the coast who made claim against BP. It is getting so bad that it is now getting national attention.
The people being selected (navigators) for assisting in health care coverage do not have the background for this job nor have their backgrounds been vetted. The concern here is that a criminal element could siphon off valuable information, social security numbers, etc
In my view the governor has made some unpopular choices but in fact good economic choices. In New Jersey got its dander up and told insurance companies to leave. It didn't take long for new jersey to go broke trying to insure residents for car, home, etc. They ended up begging insurance to return to write in their state
Look at Citizens property If a major storm were to occur citizens couldn't absorb all of the losses. so that is part of the reason your insurance rates went up its called pooling of risk, spreading out risk and/or reinsuring
I know it doesn't sit well with you but these are some of the economic realities . Sink hole damage can run in the thousands and if I experience one 10 years from now all the premiums I paid won't come close to those costs.
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