Ravenwood - 10/06/05 06:00 AM
The Washington Post contends that they're all related, and that insurance companies are eyeing human factors for natural disasters. Steven Milloy, on the other hand, calls them out for their junk science. If insurers can make the case that natural disasters are man made, they'll have an inroad into lobbying congress into controlling our lives. We are already forced to wear seat-belts, buy cars with airbags, and watch what we eat because insurance companies have a vested interest in our not dying. Wait until they start hitting up the auto industry, energy companies, and "big oil" for financial reparations.
Category: Global Warming
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No, no, no! The insurance industry is not on the side they claim to be on.
They make money regardless of what happens, because whatever the cost, they cover it with premiums.
They make out, however, the higher their costs, because that also means that self-insurance by individuals is less possible, and they get more customers.
It used to be you could self-insure health care (fewer still do), but with runaway costs for health care, more and more people have to contribute to their premium cash flow instead.
The reason for regulation is to attach a large flow of money, and take a cut, whether by government or by industry.
Insurance doesn't make money by luck but by averages.
The eco-freaks at GREENPEACE should put duct tape over their mouths and cut off all that HOT AIR
Posted by: screaming eagle at October 10, 2005 10:32 PMI've managed to save up roughly $47232 in my bank account, but I'm not sure if I should buy a house or not. Do you think the market is stable or do you think that home prices will decrease by a lot?
Posted by: Courtney Gidts at November 14, 2005 6:57 PM(c) Ravenwood and Associates, 1990 - 2014
