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Hillary pledges universal healthcare


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Property/Casualty insurance isn't the same category as Health Insurance. The profitability of one has nothing to do with the profitability of the other. The key reason the Property and Casualty sector of the business did so well in 2006 was because of an unusually quiet hurricane season, allowing insurers to collect premiums throughout the year without having to pay out claims.

Not to mention the P/C Insurance companies jacked up their premiums in response to the active hurricane season in 2005, so when none happened in 2006 they got to keep the increase with minimal payouts. The company I currently work for saw our property insurance premiums increase from $2mm/year in 2005 to $10mm/year in 2006. Ouch.

But you're right, none of this has any bearing on the cost of Health Insurance.

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