Interesting to note about insurance
Molly does Texas well. She has a great column on insurance rates and this little nugget is especially interesting:
“There’s been a lot of screaming about how the cost of med-mal is driving doctors into retirement, but Public Citizen did a 21-state study showing that insurance premiums are rising at the same rate across the board — homeowners, car and health.”
Insurance is a strange product because when you buy it, you aren’t just buying insurance, you are buying a policy into the company’s health. The problem is when they have bad investments, your rates go up. In a strict sense this would be fair. However, people don’t really consider themselves stakeholders and I’m pretty damn sure nothing I can do will affect Ed Rust’s decisions. Given this relationship, insurance companies have no business whining about trial lawyers.