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To: epithermal

...And if they repeal it in 2013 do any of us think that we will see staggering 50-75% rate DECREASES??? Nope.


8 posted on 07/16/2012 1:21:54 PM PDT by Noamie
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To: Noamie
...And if they repeal it in 2013 do any of us think that we will see staggering 50-75% rate DECREASES??? Nope.

Yeah probably, but it depends on your state. There is a claims/premium ratio that limits the premium by the amount paid out in claims.

Here, I forget the actual legal threshold, maybe 75%, but the major carrier was paying out around 85%.

15 posted on 07/16/2012 2:50:25 PM PDT by ROCKLOBSTER (Celebrate Republicans Freed the Slaves Month.)
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