http://overlawyered.com/2013/02/february-15-roundup-4/?utm_source=rss&utm_medium=rss&utm_campaign=february-15-roundup-4 Chronicling the high cost of our legal system Wed, 22 May 2013 03:33:57 +0000 hourly 1 http://wordpress.org/?v=3.4 http://overlawyered.com/2013/02/february-15-roundup-4/comment-page-1/#comment-200811 Matthew Brown Fri, 15 Feb 2013 01:10:21 +0000 http://overlawyered.com/?p=35536#comment-200811 @DC: exactly. It's not the insurers that are so much to blame, as litigiousness. @DC: exactly. It’s not the insurers that are so much to blame, as litigiousness.

]]> http://overlawyered.com/2013/02/february-15-roundup-4/comment-page-1/#comment-200793 DC Thu, 14 Feb 2013 18:04:31 +0000 http://overlawyered.com/?p=35536#comment-200793 People need to stop whining about how insurance companies ruin everything. It's a circular reaction world. Insurance is about spreading the risk. Losses incurred (lawsuits-costs and verdict/settlements) are borne by all of us. If you have an activity that will inevitably lead to someone filing a lawsuit (i.e, I didn't know it was dangerous to sled down this hill, the ski resort should have warned me, give me a million bucks), then from a risk management point of view, that has to be accounted for in policy writing. I'm not saying the industry is perfect, but jiminy Christmas, the insurance industry is just doing what they are supposed to. We can't whine about ever increasing rates when the losses (real, imagined, or made up for monetary gain) are rising even faster. People need to stop whining about how insurance companies ruin everything. It’s a circular reaction world. Insurance is about spreading the risk. Losses incurred (lawsuits-costs and verdict/settlements) are borne by all of us. If you have an activity that will inevitably lead to someone filing a lawsuit (i.e, I didn’t know it was dangerous to sled down this hill, the ski resort should have warned me, give me a million bucks), then from a risk management point of view, that has to be accounted for in policy writing. I’m not saying the industry is perfect, but jiminy Christmas, the insurance industry is just doing what they are supposed to. We can’t whine about ever increasing rates when the losses (real, imagined, or made up for monetary gain) are rising even faster.

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