Insurers learn to pinpoint risks -- and avoid them

I'm beginning to think the US insurance industry is the root of all evil. The game is no longer about sharing risk, but about evaluating (and avoiding) individual risk. Welcome to the risk pool of one: you! Wasn't this industry supposed to be 'regulated'? An interesting stat from this L.A. Times article:

The new techniques are already paying off for insurers. Despite Katrina and a string of other big storms last year, industry profits hit a record $40 billion-plus. With the luck of no major storms so far this year, profits are in line to reach as much as $60 billion.

Insurers learn to pinpoint risks -- and avoid them