Decline in Real Estate

[Lucy]

Also speaking of the rising costs in insurance. Around 1980 the other rising cost factored into and option to take out coverage for was the uninsured motorist who would be one who possibly hit your car and left or just stayed and you are now trying to recover financially against them. Many of those type situations are trying to get money where there just isn't any or not near enough to pay for your Mercedes or your choice of car that you drive or your injuries, so thus the pool of the un/insurance funding. It covers those situations where you would choose that additional coverage that was not offered before that. Another rise in premiums.
I have been out of insurance for awhile, so I am a bit rusty here, but I believe I have captured the essence of it.
Cash reserves have to be there for the large payouts that you see happening today. Doctors are one group that you have mentioned on here being hit largely by it and I believe that is a indicator of how litigious our society has become and the rising costs of supplies, machines, buildings and the like which are high ticket items that the public needs, enjoys or demands.

Having another Great day in Paradise, Wherever that Maybe!
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