>>>Actually, costs never exceed premiums over time. Premiums go up to meet the added costs.
>
>Not for individual policy-holders
Right. That's what they call spreading risk.
It's a mathematical certainty that over time costs never exceed premiums.
Lloyds had a hiccup after 9/11 and you and I are paying for that hiccup in our homeowners and car insurance premiums.
Anyone who does not go overboard- deserves to.
Malcolm Forbes, Sr.