When we first moved into Desoto County, there was a nice pool in Southaven we went to regularly. It closed. The cost of insurance made it prohibitive to remain open.
There was a nice spring that was converted to a lake over near Olive Branch. They even shipped in some nice white sand. For some the spring water was a bit cold, but for us it couldn’t be beat on a hot summer day. It closed. The cost of insurance was to high.
I guess after a while they will need to close the lakes and streams. Those insurance bills, you know. Then too, there are those pools they have at hotels for their guests. They have to pay insurance companies too.
I have singled out but a small segment of a very wide industry. Trucking companies, railroads, airlines all must carry insurance. Retailers, doctors and even private motorists must carry insurance.
Every time someone makes a claim it cost the insurance company. When the claims become too high or to frequent, the insurance company must raise the rates, cancel customers or go out of business.
I hear ads every day, effectively saying, let’s go after the insurance companies. They have endless supplies of money. If that attitude continues, insurance companies will go bankrupt and businesses will have to shut down. Then, of course, we will have to give up driving. We won’t be able to buy insurance at any price.
Besides, auto manufacturers will go out of business. They won’t be able operate their factories, or ship their cars if they could build them.
The grocery stores would have to close down and the druggists will have to lock everything up. Retailers cannot operate without insurance. The first big lawsuit would take ever penny from them.
It does beg the question, can our nation afford the money hungry lawyers? Or maybe I should ask the question, how long can we afford them before our society collapses?