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To: Red Badger

Isnt this why we pay insurance companies premiums? Dont actuaries set rates appropriately for this?


2 posted on 03/28/2024 8:23:17 AM PDT by Magnum44 (...against all enemies, foreign and domestic... )
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To: Magnum44

Exactly!!

Now, can Joementia please explain why he’s saying he’ll bilk We the Taxpayers, for this?

Other than his 10%, that is.


4 posted on 03/28/2024 8:24:22 AM PDT by Jane Long (The role of the GOP: to write sharply-worded letters as America becomes a communist hell-hole.)
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To: Magnum44
Isnt this why we pay insurance companies premiums? Dont actuaries set rates appropriately for this?

Yes. And as we write this actuaries are assessing the necessary premium increases. On top of the Red Sea problems.

5 posted on 03/28/2024 8:25:11 AM PDT by SJackson (In a war of ideas it is people who get killed, Stanislaw Jerzy Lec)
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To: Magnum44

“Dont actuaries set rates appropriately for this?”

Only if they can reasonably estimate the odds of something happening.


14 posted on 03/28/2024 8:34:18 AM PDT by JSM_Liberty
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To: Magnum44
Isnt this why we pay insurance companies premiums? Dont actuaries set rates appropriately for this?

They do. But this much all at once puts a strain on the system.

Not shedding any tears for the insurance companies, but spin aside, this is a significant story.

23 posted on 03/28/2024 10:11:18 AM PDT by Salman (It's not a slippery slope if it was part of the program all along. )
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