On Tue, 30 Mar 2004, Aristotle Sagan wrote:

> If the actuaries aren't very good, if the info the insurance company uses
> isn't up to date or relavent, they lose.

And then they raise everyone's rates to make up for it.  This is the
situation we're in here lately -- the insurance companies made bad
investment decisions during the last few years and, as a result, we all
get to pay higher premiums.  Your comparison to a casino is apt -- the
insurance companies have the house advantage and they literally cannot
lose.

David Brodbeck, N8SRE
'82 Volkswagen Diesel Westfalia
'86 Volvo 240DL wagon