Sure, and it would be even higher w/o the death penalty.
Insurance too high?
- Thread starter mimico_polak
- Start date
Yukoner
Well-known member
Lower numbers and sizes of claims will reduce rates - but this is unlikely to happen anytime soon.
It is a matter of "agency cost." Insurance companies don't care that rates are high, as they still get there allowable rate of return regardless. Actually going after the fraudsters on any scale would cost them and not increase their profits. And of course as drivers are mandated to buy insurance, we cannot respond by cancelling our policies. The government needs to revisit how the insurance companies are regulated - with the intent of creating financial incentives/disincentives for the insurance companies that will align their financial interests with those of policy holders.
It is a matter of "agency cost." Insurance companies don't care that rates are high, as they still get there allowable rate of return regardless. Actually going after the fraudsters on any scale would cost them and not increase their profits. And of course as drivers are mandated to buy insurance, we cannot respond by cancelling our policies. The government needs to revisit how the insurance companies are regulated - with the intent of creating financial incentives/disincentives for the insurance companies that will align their financial interests with those of policy holders.
Actually, what the data confirms is that fascism, harsh penalties and injustice are strongly correlated, but you can believe whatever you want to believe.
We shouldn't even put people in prison, it would save alot of money !
I'm fairly confident that a drug user/trafficker would be less likely to use/sell drugs in these countries:
http://blog.thegooddrugsguide.com/0801/7-countries-you-dont-want-to-get-caught-with-drugs-in/
I'm fairly confident that a drug user/trafficker would be less likely to use/sell drugs in these countries:
http://blog.thegooddrugsguide.com/0801/7-countries-you-dont-want-to-get-caught-with-drugs-in/
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Yeah right, that's why oil prices are so high too, because of many people stealing gas at gas stations.
