nanog mailing list archives
Re: insurance
From: Randy Carpenter <rcarpen () network1 net>
Date: Tue, 20 Sep 2011 15:21:51 -0400 (EDT)
The reality is that with the mega-insurance companies able to set whatever crazy premiums they feel like, and raise them every other month, the cost of being fully insured is sometimes more than what you can charge as a consultant.This is just not true. Insurance companies are regulated by State Insurance boards. If an insurance company wants to raise rates, they have to submit a proposal to the their state insurance board. They can only raise rates for a "class" of customers. For example, all customers aged 50 - 62.This is generally NOT true for E&O and Professional liability insurance. For the most part, that goes largely unregulated. The state insurance boards tend to focus on consumer-oriented forms of insurance (auto, home, life). Owen
Yep. I don't remember the specifics, but our quote was ridiculous (like $thousands per month). Our health insurance premiums also goes up 30+% nearly every year. So much for regulation there... -Randy
Current thread:
- insurance harbor235 (Sep 20)
- Re: insurance harbor235 (Sep 20)
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- Re: insurance TR Shaw (Sep 20)
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- Re: insurance harbor235 (Sep 20)
- Re: insurance Valdis . Kletnieks (Sep 20)
- Re: insurance Brant I. Stevens (Sep 20)
- RE: insurance Ryan Finnesey (Sep 20)
- Re: insurance Randy Carpenter (Sep 20)
- Re: insurance Jack Morgan (Sep 20)
- Re: insurance Owen DeLong (Sep 20)
- Re: insurance Randy Carpenter (Sep 20)
- Re: insurance bmanning (Sep 20)
- Re: insurance Brant I. Stevens (Sep 20)
- Re: insurance Bryan Fields (Sep 20)