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Old 05-16-2007, 11:22 AM
  #12  
RI Builder
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Join Date: May 2005
Posts: 6,194
Default Re: Lower insurance rates...

Shag:

I honestly do not know why they are not writing business in the NE. Their logic that RI must be due for a major hurricane is seriously flawed. It is the same as saying that I have not won Powerball in 5 years, so I must be do to win.

Of course they can claim rates are dropping in non-coastal areas, simply because they have stopped writing policies in the coastal areas. They have hedged their bets by basically writing policies in areas that are not subject to any type of weather event.
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