I am certain that ALL carriers would be willing to pass on 100% of the recent savings IF there was an insurance code that also allowed them to recoup their increased costs should the reforms not pan out as expected. Until that point perhaps we should allow carriers that suffered a combined ratio of 184% a few short years ago to strengthen their balance sheets and maybe actually turn a profit. I know that “profit” is a four letter word with the insurance commissioner, but spurisingly this is the reason that most businesses open their doors.
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I am certain that ALL carriers would be willing to pass on 100% of the recent savings IF there was an insurance code that also allowed them to recoup their increased costs should the reforms not pan out as expected. Until that point perhaps we should allow carriers that suffered a combined ratio of 184% a few short years ago to strengthen their balance sheets and maybe actually turn a profit. I know that “profit” is a four letter word with the insurance commissioner, but spurisingly this is the reason that most businesses open their doors.