let's look beyond the fact that these
are capital - constrained entities which
are, after all, run for profit, highly geared and probably more
risk averse than they once
were (along with most
everyone else)-- and then also look beyond the fact that even they
are simply not big enough to replace the entire private mortgage securitization industry which truly fueled the boom and has wilted on the vine in the last year.
If you
are highly
risk averse and want to have both comprehensive and collision insurance along with the normal insurance
everyone has, then the best insurance rates for you would still
be higher than what most people normally have.