> Judah wrote: > Here's what you don't seem to get. Paying out is not only a cost of > doing business, it *is* their business.
Wrong. You REALLY don't understand insurance. The consumer doesn't want to have unpredictable and/or unmanagable costs, so they hire an insurance company to buy some of that risk from them. The business of an insurance company is to buy and manage risk. My mother hasn't had a car accident in her entire life, but she's carried insurance the whole time. The insurance company has never had to pay out once, so that must NOT be their business. Paying out is, therefore, simply a COST of doing business NOT their business. In the case of my mother they've managed costs through a managed process of assessing and buying profitable risk. And, yes, they are part of the financial services sector. ~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~| Adobe® ColdFusion® 8 software 8 is the most important and dramatic release to date Get the Free Trial http://ad.doubleclick.net/clk;207172674;29440083;f Archive: http://www.houseoffusion.com/groups/cf-community/message.cfm/messageid:288725 Subscription: http://www.houseoffusion.com/groups/cf-community/subscribe.cfm Unsubscribe: http://www.houseoffusion.com/cf_lists/unsubscribe.cfm?user=89.70.5
