04-20-2010, 05:37 AM
HPIA is not an insurance company, they are an association formed by the State to provide insurance for those in Lava Zones where insurance is not available on the open market. As for competition, I'm sure the State would love and welcome competition. HPIA wouldn't be needed if there were other insurance companies willing to offer insurance in those areas, but since there isn't HPIA was formed to at least be able to provide something.
The question to ask isn't how much HPIA charges in premiums but what would premiums be if insurance companies were mandated to provide coverage?
The question to ask isn't how much HPIA charges in premiums but what would premiums be if insurance companies were mandated to provide coverage?