Yeah, boy. I started my data processing career in insurance, and the guy there educaated me. Seems they are all "looking for the cream." That is the people that they can charge big rates to, but do not really have that big losses. A person in the Airplane Insruance game once explained it this way: They go at reasonable profits for a while, then a disaster occurs - for his illustration, he used the 2 747's that collided on the runway at Tenarife (sp). When that happens, there are horrific losses, and a lot of underwriters quit the business. Of course, the remaining ones raise the rates! And they make money, because the wreck rate goes down (back to the normal background count). Then, the underwriters that dropped out see the money rolling into the ones that remained and get back in the game. They have to "buy" in with lower rates than th other guys. Airplanes are especially prone to this because the pool is so small. One big one and all the underwriters take a bath. So the rates will be high for a while. Then they will go down. One could forgo some coverages, like hull which is high because of parts shortages/cost, and keep flying. Don't skimp on liability, for everyone knows airplane owners are rich. Percy in Portland
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