Well said. It reminds me of Warren Buffet's statements about insurance companies and excessively low premiums. The well-run insurers are always competing again

Well said. It reminds me of Warren Buffet's statements about insurance companies and excessively low premiums. The well-run insurers are always competing against the most poorly run, excessively risky insurers. Some of these poorly run companies offer irrationally low premiums and gain lots of customers because of it -- but then go bankrupt. OTOH, well run insurers that used sound underwriting principles and charged rational premiums end up with fewer customers.