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You presuppose that American insurance companies are not a very effective cartel, primarily functioning in the regulatory capture industry, with a side business
by avn2109 11y ago
You presuppose that American insurance companies are not a very effective cartel, primarily functioning in the regulatory capture industry, with a side business in insurance.
It would be cool if what you describe actually happened, but in the real world, premiums only ever move long-term in one direction: up.
- kobayashi 11y agoMore or less, I agree. With fewer accidents and fewer drivers insurance companies will be looking at decreased revenues. No company wants decreased revenues of that sort. Now, I'm not 100% familiar with the insurance industry and any regulatory capture that may take place, but then would be the time for a cartel to flex its muscles and ensure that startup insurance companies don't undercut them with fair pricing.