Reply #5: You'd think the risk would be spread adequately

[Warpy]

over a whole COUNTRY of suburban houses, most of which will be incident free until they crumble from neglect a couple of centuries from now.

I understand spreading the risk. The problem is the 90s, when they got used to making money hand over fist in the stock market. Once the market went flat, they felt they had to make that kind of money elsewhere. So they hike premiums and reduce potential liability.

Funny how the business actually seemed to work, more or less, until the late 80s and early 90s when deregulation kicked in. Funny how they always seemed to make enough money to pay claims and stay in business until deregulation kicked in.