Our View: They who write the laws often are beneficiaries - Insurance News | InsuranceNewsNet

InsuranceNewsNet — Your Industry. One Source.™

Sign in
  • Subscribe
  • About
  • Advertise
  • Contact
Home Now reading Newswires
Topics
    • Advisor News
    • Annuity Index
    • Annuity News
    • Companies
    • Earnings
    • Fiduciary
    • From the Field: Expert Insights
    • Health/Employee Benefits
    • Insurance & Financial Fraud
    • INN Magazine
    • Insiders Only
    • Life Insurance News
    • Newswires
    • Property and Casualty
    • Regulation News
    • Sponsored Articles
    • Washington Wire
    • Videos
    • ———
    • About
    • Meet our Editorial Staff
    • Advertise
    • Contact
    • Newsletters
  • Exclusives
  • NewsWires
  • Magazine
  • Newsletters
Sign in or register to be an INNsider.
  • AdvisorNews
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Exclusives
  • INN Magazine
  • Insurtech
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Video
  • Washington Wire
  • Life Insurance
  • Annuities
  • Advisor
  • Health/Benefits
  • Property & Casualty
  • Insurtech
  • About
  • Advertise
  • Contact
  • Editorial Staff

Get Social

  • Facebook
  • X
  • LinkedIn
Newswires
Newswires RSS Get our newsletter
Order Prints
December 13, 2023 Newswires
Share
Share
Post
Email

Our View: They who write the laws often are beneficiaries

Index-Journal, The (Greenwood, SC)

There's no argument that businesses selling alcohol need a healthy liability insurance policy. However, there is sound argument to be made for how ridiculously high their premiums are and how disproportionately the liability is or can be spread among businesses when someone has patronized more than one and winds up in a wreck that results in serious injury or death.

Let's say someone stops at Joe's bar and has a beer. He then goes to Bill's bar and has two beers. Bill has not seen any evidence the customer is inebriated and has no idea the customer already had a beer at Joe's. The customer leaves Bill's bar and heads over to Al's bar where he sits for several hours and tosses down multiple drinks, maybe even mixing things up a bit with beer and whisky. He leaves, Al's and drives head-on into another car, killing that car's driver. Under current law, Joe and Bill can be held equally liable as Al. Fair? Not at all.

State Sen. Mike Gambrell, R-Anderson, joined other legislators in sponsoring a bill, Senate Bill 533, that is designed to make liability be proportional. In essence, allocate the fault proportionally among establishments that served the at-fault customer.

Where this legislation goes remains to be seen, but Gambrell, in discussing the bill, brought up a key point that speaks to legislation's yin and yang in general.

In trying to fix the current law's lopsided effect with new legislation, Gambrell said, "I'll be honest, it'll be an uphill battle because most of the Legislature is attorneys."

They who write and pass the laws are all too often the very ones who benefit the most from those laws. Yet, we keep sending attorneys to Columbia — and Washington, D.C., for that matter.

As the saying goes, it doesn't take a rocket scientist to see how it works. They can fill bills with lawyer-speak that the average person can barely, if at all, interpret and hang their shingles out for business that the laws create. They know the ins of the laws and, just as important, they know the outs.

It reminds us of another popular saying about foxes guarding the hen houses.

Older

AM Best Revises Issuer Credit Rating Outlook to Stable for Lancashire Holdings Limited and Its Subsidiaries; Affirms Credit Ratings

Newer

Accenture and Google Cloud Launch Joint Generative AI Center of Excellence to Help Enterprises Harness the Value of Generative AI

Advisor News

  • The conversation almost no advisor is having yet
  • Why advisors should offer retirement-longevity planning
  • A hybrid approach outperforms the 4% Rule, researchers find
  • The missing piece in most retirement plans
  • Clients are bringing TikTok insurance advice into advisor meetings
More Advisor News

Annuity News

  • Industry pushes back on linking ‘financial strength’ to annuity illustrations
  • Sammons Enterprises & Sammons Financial Group Respond to Reports
  • The Manhattan Life Insurance Company Acquires Union Security Life Insurance Company of New York
  • Cayman Islands premier to meet with U.S. reinsurance regulators
  • Investigation finds deceptive sales, churning of annuities targeting postal workers
More Annuity News

Health/Employee Benefits News

  • TCC lays off 45 employees amid financial strain, Medicaid changes
  • Average HSA balances reach record high, but contributions and investing remain limited
  • AI isn’t cutting broker jobs. Here is what it is doing instead
  • Healthcare costs more potent for Democrats
  • UB students research cancer at Roswell Park. But they struggle to afford health insurance
Sponsor
More Health/Employee Benefits News

Life Insurance News

  • Americans without children are less confident about retirement, Allianz finds
  • The conversation almost no advisor is having yet
  • DELAWARE INSURANCE DEPARTMENT DETAILS REVIEW OF BRIGHTHOUSE ACQUISITION
  • Sammons Enterprises & Sammons Financial Group Respond to Reports
  • Court losses bring Greg Lindberg fraud victims closer to restitution
More Life Insurance News

NEWS INSIDE

  • Companies
  • Earnings
  • Economic News
  • INN Magazine
  • Insurtech News
  • Newswires Feed
  • Regulation News
  • Washington Wire
  • Videos

FEATURED OFFERS

Press Releases

  • Classic Car Insurer OpenRoad Insurance Expands to 40 U.S. States in Two Years
  • How Aspire General Turned an Early Technology Bet Into Claims Automation at Scale with Kyber
  • Adjusto launches AI-Native contents claims services powered by its technology platform
  • URL Insurance Group Celebrates 40 Years of Service, Growth, and Industry Leadership
  • MassMutual Ascend Surpasses $2 Billion in Lifetime Advisory Annuity Sales, Reflecting Continued Momentum in RIA Channel
More Press Releases > Add Your Press Release >

How to Write For InsuranceNewsNet

Find out how you can submit content for publishing on our website.
View Guidelines

Topics

  • Advisor News
  • Annuity Index
  • Annuity News
  • Companies
  • Earnings
  • Fiduciary
  • From the Field: Expert Insights
  • Health/Employee Benefits
  • Insurance & Financial Fraud
  • INN Magazine
  • Insiders Only
  • Life Insurance News
  • Newswires
  • Property and Casualty
  • Regulation News
  • Sponsored Articles
  • Washington Wire
  • Videos
  • ———
  • About
  • Meet our Editorial Staff
  • Advertise
  • Contact
  • Newsletters

Top Sections

  • AdvisorNews
  • Annuity News
  • Health/Employee Benefits News
  • InsuranceNewsNet Magazine
  • Life Insurance News
  • Property and Casualty News
  • Washington Wire

Our Company

  • About
  • Advertise
  • Contact
  • Meet our Editorial Staff
  • Magazine Subscription
  • Write for INN

Sign up for our FREE e-Newsletter!

Get breaking news, exclusive stories, and money- making insights straight into your inbox.

select Newsletter Options
Facebook Linkedin Twitter
© 2026 InsuranceNewsNet.com, Inc. All rights reserved.
  • Terms & Conditions
  • Privacy Policy
  • InsuranceNewsNet Magazine

Sign in with your Insider Pro Account

Not registered? Become an Insider Pro.
Insurance News | InsuranceNewsNet