Archived posting to the Leica Users Group, 2003/03/02

[Author Prev] [Author Next] [Thread Prev] [Thread Next] [Author Index] [Topic Index] [Home] [Search]

Subject: [Leica] Re: greedy insurers
From: "Nathan Wajsman (private)" <>
Date: Sun, 02 Mar 2003 16:05:24 +0100
References: <000001c2e09e$530423b0$7c98fea9@ernie> <>

It is easy to pick on insurance companies, we all hate them, and I was 
laid off by one (reinsurance, OK, but still...) last year. But consider 
that even with the current sky-high premiums, medical malpractice 
insurance is by far the most unprofitable line of business for U.S. 
insurers. Last year the claims-to-premiums ratio was something like 
145%. When the stock markets are doing well, insurers can tolerate 
ratios above 100% (maybe up to 110% or so) because of the profits they 
make investing the premiums until the money is needed to pay claims. 
Obviously, in the current environment that route is not available. Until 
some sort of sensible tort reform is instituted, medical malpractice 
costs will continue to rise, and more and more insurers will stop 
writing such coverage altogether.


Jim Hemenway wrote:
> Ernie:
> This is what I've suspected since 10 or so years ago, when the insurance
> companies successfully fought off the Clinton'e attempts to bring some
> rationality to the health care business.

- -- 
Nathan Wajsman
Herrliberg (ZH), Switzerland

mobile: +41 78 732 1430

General photo site:

- --
To unsubscribe, see

In reply to: Message from "Ernest B. Ferro" <> ([Leica] RE: Leica Users digest V24 #131)
Message from Jim Hemenway <> (Re: [Leica] RE: Leica Users digest V24 #131)