Re: I want to be oracle master.

Nuno Souto <nsouto_at_optushome.com.au.nospam> wrote in message news:<3dd4fb3e$0$12757$afc38c87_at_news.optusnet.com.au>...
> 14 Nov 2002 20:36:54 -0800, LB said (and I quote):
>
> > out why insurance companies are such cheapskates. They're some of the
> > most wealthy organizations on earth.
>
> Read the phrase again, the answer lies within...

It's only temporary. Even Lloyds is having problems, as 'mericans discover they've been had, by being given unlimited liability as "names." All American insurance companies are having severe problems because of the psychotic nature of American liability law and an increase in payouts which may or may not be temporary. So we have insurance companies rapidly raising rates and tightening underwriting restrictions, to the point it is interfering with business (for example, people have trouble buying houses because they can't get insurance because insurance companies have to cover their increased payouts and liability, so there is a multiplier effect through the economy...).

jg

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