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To: Still Thinking

The way I understand this, the insurers do a cold, hard calculation. Besically, in many states, if you have a sign that “weapons are not permitted”, you are implicitly promising protection to unarmed people inside. If you are unarmed, and get shot in the building, you can sue the lessor/owner of the building for “wrongful death” or injury and win. Insurance companies know what states this works in, how much a life or injury is worth there, and adjust their rates accordingly. Mass shootings are expensive in these cases, but that is what reinsurance is for.


13 posted on 07/08/2013 3:00:48 PM PDT by The Antiyuppie ("When small men cast long shadows, then it is very late in the day.")
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To: The Antiyuppie; All

“The way I understand this, the insurers do a cold, hard calculation. “

That would be nice if true, but I doubt that it is the case. In Kansas, EMC had pretty much a lock on the business.

Three community colleges have already found a new insurer. The report I read said that they will be saving $200,000 dollars a year in rate *decreases*. That means that EMC had a gravy market without much competition, and they are throwing it away.


14 posted on 07/08/2013 3:08:02 PM PDT by marktwain (The MSM must die for the Republic to live. Long live the new media!)
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To: The Antiyuppie
“Barwick began looking for other options and found the broker IMA would offer competitive prices.

Because of a competitive bid, EMC made a counteroffer, which included a reduced rate and a one-year exemption from their “no guns” policy, said David Wallis, an incoming ICC trustee.”

http://insurancenewsnet.com/oarticle/2013/06/23/in-wake-of-rate-hike-new-gun-lawcolleges-get-group-insurance-deal-%5Btopeka-capital-journal-ks-%5D-a-385324.html?newswires#.Uds50hKYNok

15 posted on 07/08/2013 3:16:49 PM PDT by marktwain (The MSM must die for the Republic to live. Long live the new media!)
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