MrMoody
Carbon Based Lifeform
join:2002-09-03
Smithfield, NC
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| reply to bogey780
Re: They can't abandon VT...yet...
said by bogey780  :Next we can complain about insurance companies refusing to insure 16yr old kids who like to drive drunk. Bad example. In most if not all US states, auto liability insurance is required and any company doing business in that state can't get out of insuring high risk drivers. Usually, uninsurable high risk drivers go into the state assigned risk pool, and all the companies get their share of premiums and pay their share of losses from that pool. It's another case where government requires them to eat a loss in order to allow them to do business. In the end, the good drivers pay for the really bad ones, the same as low cost telco customers pay for the high cost ones.
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The public is a poor business manager. |
