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To: Cincinatus' Wife
In July, Nationwide won approval to raise rates an average of 21 percent on homeowners' policies and 25 percent for mobile homes.

Well we have a MAJOR CLUE as to the source of the problem right there.

In a free market, there will be a price at which all sorts of insurance will be available.

In a government regulated market, you will quite likely end up with none at all.

2 posted on 09/01/2005 2:01:14 AM PDT by konaice
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To: konaice

Interesting point.

It's the bottom line.

Those in areas prone to hurricanes and flooding are going to pay dearly for insurance.


3 posted on 09/01/2005 2:05:57 AM PDT by Cincinatus' Wife
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