Well, they can lose in California. Which is why a number of them pulled out
10-15 years ago. Our rates now are higher because of that.

When we are talking about a specialized replacement policy as we are here,
the numbers are more specific than a general auto accident actuary table and
is more like life insurance.

At least that's my take on it.

And yes, insurance companies have a house advantage.

tim in san jose

----- Original Message -----
From: "David Brodbeck" <gull@GULL.US>
To: <vanagon@GERRY.VANAGON.COM>
Sent: Tuesday, March 30, 2004 1:28 PM
Subject: Re: collison insurance on 83 westy?

> 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
>