True, but that is not going to change anytime soon. I was interested to
read that most of the profit from the Comstock silver strike in the 1860's
was consumed in litigation over who owned the claims. Americans willingness
to use the courts to secure "fair" settlements goes back a long way.

Mike
MU-2


"Tom S." wrote in message
...

"Mike Rapoport" wrote in message
link.net...
If the stock market continues to perform well, premiums should come
down.
Since insurance companies collect premiums now and plan to pay claims in
the
future, the rate of return on the invested premiums is a critical part
of
the calculation of how much those premius should be in the first place.

Mike
MU-2

When policy holders are held liable for occurrences beyond their control
and
damages that are hideous, there's only one way for the insurance companies
to make it up.

See my other post about our totally nutbar tort system.