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I hate insurance companies
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Subject: I hate insurance companies
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From: [email protected]
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Date: Thu, 15 Aug 96 15:57:16 EDT
These outrageous rates are caused by simply one thing, liability claims. Its
not even the costs of repair, even though they are rising. Its theft and the
lawsuits. I live in NY, my friends sister was ina car accident last year.
She got a broken leg. A serious injury to be sure, but it was worth $200K
(less the 30% to the lawyer). That $200K comes from us. The bottom line is
that if you live in a state where liability cases are out of control, your
insurance rates will be high. Support tort reform being circulated in Congress
to put a lid on this nonsense.