I'm confident IF this industry gouges, there'll be some new & creative way the free market will respond.
NOT unlike what happened to the Banking Industry when they went nuts in the 70s and 80s which spawned all manner of creative financing alternatives?
Insurance companies, in some instances, have very legit beefs when it comes to the HUGE payouts they have to make v.s. premiums paid -- from time to time -- due to periodic disasters.
And let us never mind these companies being the very favorite target of every thief & con artist out looking to make a fast buck, too; of which, there're many.
I am not totally unsympathetic to some grievances these businessmen have & make; nor, the way they must respond visa vi increased raised premiums.
...funny how the B&W printed word can sometimes pickup a *tone* to the reader, which the writer did not intend.
Deserves repeating.
The periodic disasters are the reason the industry exists.
Personally, I would, if I were the CEO of an insurance firm, charge trial lawyers a premium based on how much the trial lawyer industry costs my firm in litigation fees.
Of course, in return for getting a $150,000 premium on their BMW, they would probably sue me =:o)