What I'm taking away from this post is it's possible and probably likely that insurers are building in unrealistic worst cases into their risk models. This leads to inappropriately high insurance premiums and since the insurance industry isn't particularly transparent we are not able to effectively challenge the rates. Is that a fair assessment?
ci would argue a biggrer factor in this difficulty is the public being utterly incapable of ever engaging in productive debate about anything, coupled with the inability to recognize it.
What I'm taking away from this post is it's possible and probably likely that insurers are building in unrealistic worst cases into their risk models. This leads to inappropriately high insurance premiums and since the insurance industry isn't particularly transparent we are not able to effectively challenge the rates. Is that a fair assessment?
A lack of transparency makes it difficult for the public to engage in productive debate about insurance.
ci would argue a biggrer factor in this difficulty is the public being utterly incapable of ever engaging in productive debate about anything, coupled with the inability to recognize it.