Maybe. Maybe not a choice.dusty wrote:..
The insurers expect premiums to rise because that is part of their plan.
....
Insur. co.'s take in money for premiums and then invest it, hopefully to make more money to pay claims and shareholders and make a profit if possible. When they can't make money on their investment, say when the market's going rate if interest is like near zero, like now, they have to raise rates. And when that doesn't work they close down, like some really Big ones have done and are about to.
I'm no fan of the Big Insurance industry, generally speaking, but this slant I read just today was something I hadn't thought of before.
Bottom line, Again, it is our own government that is the root cause of all this, and not really the insurance guys, and oil, and gas, and energy, and food, and,,,,,,,
{Look at ethanol! Perhaps the biggest "energy" fraud ever, responsible for the prices of almost EVERYthing going up & up, all tied together...for ex.)