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#41299 - 06/25/04 04:31 PM Re: tax legislation
Brian G
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Registered: 11/05/01
Posts: 7167
Loc: Uptown

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Insurance rates are set by private industry. What do they have to do with taxes?
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#41300 - 06/25/04 04:32 PM Re: tax legislation
MaryMargaret
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Registered: 12/29/03
Posts: 4355
Loc: Backstage with Urban Trip

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Your initial post was to show that a democrat raised taxes.

Enjoy paying an unnecessarily exorbitant insurance rate on your penis-mobile!
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Everything they do is so dramatic and flamboyant. It just makes me want to set myself on fire.

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#41301 - 06/25/04 04:42 PM Re: tax legislation
bchbum
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Registered: 04/30/04
Posts: 3457
Loc: hoboken

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brian, does your ignorance know no bounds? insurance is regulated. more so than in NJ than in almost any other state. if a company wants to underwrite auto in NJ, then they must accept the amount of the assigned pool dictated by the state regulator. if they want to write home or life, thay have to agree to write auto also. get in the game man. prudential, headquartered in Newark, doeasn't want to write auto in NJ anymore. state farm, and lib mut are pulling out. you know there's only one insurance company actively taking new business for motorcycles in this entire state??
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#41302 - 06/25/04 04:44 PM Re: tax legislation
Brian G
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Registered: 11/05/01
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Loc: Uptown

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What part of my comment was incorrect?

Did I say that the insurance industry was unregulated?
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Still, though God’s been known to speak miraculously through a burning bush, lately, his announcements always seem to come through flaming *******s - Kevin Hayden

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#41303 - 06/25/04 04:46 PM Re: tax legislation
scotty76
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Registered: 04/01/03
Posts: 551
Loc: Hoboken, NJ

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Insurance quotes are very much dependent on the dizzying amount of regulations (on a state-by-state basis) that the companies have to adhere to.

Why do you think so many auto insurers don't write policies in NJ? Even though the environment is getting better, NJ is still a crappy state to be a consumer.

 Quote:
Originally posted by Brian G:
Insurance rates are set by private industry. What do they have to do with taxes?

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#41304 - 06/25/04 04:52 PM Re: tax legislation
Brian G
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Registered: 11/05/01
Posts: 7167
Loc: Uptown

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Well New Jersey has many problems with regards to auto insurance. The BIGGEST problem is that we are the most densely populated state in the country. The other problem is we have a LOT of uninsured drivers.

Would cleaning up the regulations help the problem? Sure. But the problems wouldn't magically go away. The regulations were put there in the first place, mainly to make sure that high risk people could get SOME kind of insurance.
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