TIP: Click on subject to list as thread! ANSI
echo: pol_inc
to: Richard Webb
from: Bob Klahn
date: 2009-03-25 22:02:00
subject: Why so quiet?

RW>> IF it's the scale involved, oh well.  LET the angry policy
 RW>> holders force the sale of those wonderful buildings with
 RW>> the marble halls and flowing fountains.  LEt the angry

BK>>  Of course the price would be down, and mortgages hard to get.

 RW> THat's their problem.  THey still get to make up the
 RW> shortfall.  OUt of their personal fortunes if nothing else.

 I can't seem to find a problem with that.

 RW>> policyholders who got the screws put to them go looking for
 RW>> a fat cat to lynch.

BK>>  OK, that one I kinda like.

 RW> I hold insurance underwriters such as AIG in special
 RW> contempt when it comes to shennaigans like this.  AFter
 RW> all, the poor guy who bought that policy bought it because
 RW> he was either required to by law, or felt that he really
 RW> needed the protection.

 And esp since insurance companies are supposed to be trusted.

 RW> YOu buy the insurance.  You pay your premiums like a good
 RW> little citizen, just as you do your taxes.  YOu are
 RW> cruising along, then one day, through no fault of your own
 RW> you now have a sudden need to file a claim.

 ...

 RW> But you find out these dudes that sold you this snake oil
 RW> bought some more snake oil without looking carefully at
 RW> what was being purchased.

 And get bonuses to keep them from jumping ship.

 RW> BUt, your insurance carrier wants you to pay the equivalent
 RW> of another premium, and the guy down the road who doesn't
 RW> even insurance through them to pay one too.

 I do believe you mentioned something about screws.

BOB KLAHN bob.klahn{at}sev.org   http://home.toltbbs.com/bobklahn

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