Saturday, May 15, 2010

Why We Love Insurance Companies, or Why the Public Mandate is Bad Policy

Florida has an insurance "regulator," who is about as good to the insurance industry as the the Bureau of Mines and Minerals is to the extractive industries--and we have proof of their virtue blackening the Gulf of Mexico. In Florida, home owners insurance companies have been steadily dumping people since Hurricane Andrew in 1992, forcing them into Citizens, the state program.  It is less a public option than it is the insurer of last resort.  It is dismal, but this short blog is devoted to Liberty Mutual.  Following is a card that arrived yesterday addressed to Gina, with her handwritten commentary.  She's sending it back the CEO of Liberty Mutual, once a fine company, but now.....[you may have to zoom a bit]

No comments: