On Tue, Sep 20, 2011 at 03:21:51PM -0400, Randy Carpenter wrote: > > > >> The reality is that with the mega-insurance companies able to set > > >> whatever crazy premiums they feel like, and raise them every > > >> other month, the cost of being fully insured is sometimes more > > >> than what you can charge as a consultant. > > > > > > This is just not true. Insurance companies are regulated by State > > > Insurance boards. If an insurance company wants to raise rates, > > > they > > > have to submit a proposal to the their state insurance board. They > > > can > > > only raise rates for a "class" of customers. For example, all > > > customers > > > aged 50 - 62. > > > > > > > This is generally NOT true for E&O and Professional liability > > insurance. > > > > For the most part, that goes largely unregulated. The state insurance > > boards > > tend to focus on consumer-oriented forms of insurance (auto, home, > > life). > > > > Owen > > Yep. I don't remember the specifics, but our quote was ridiculous (like > $thousands per month). Our health insurance premiums also goes up 30+% nearly > every year. So much for regulation there... > > -Randy
Back n the day - I used Hartford for insurance. It was very reasonable. Premiums went up once in the 15yrs we were active. /bill