Andy Hall wrote:


Exactly.

However, there is a small upside. If there are fewer insured, there
are fewer claims and by implication,less rise in premium for the
insured.
You must be a trusting soul if you believe that!

After recouping their losses by increasing everyone's premiums, the
insurance companies will still declare record profits next year.
They'll work out how much they need to claw back and then add a
substantial extra amount on top - just like they always have done.
--
Geoff Beale
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