I probably shouldn't but I'm going to wade in here with a little of the "other side of the story." Insurance is about pooling risk. Insurance companies cannot possible know personally everyone they insure so they have to use some kind of measurement of risk based on actuarial predictions (the past.) Examples include -- men under age 25 have more automobile accidents, smokers get sick more and die sooner, etc. Also, insurance companies don't really pay the claims...all the people who pay premiums to the insurance company pay the claims -- the insurance company manages the process (and the stock holders take the risk of claims exceeding premiums and causing losses.)

I'm sure that everyone agrees that the vet bills for Perry and Daisy should be taken care of by the neighbor with the vicious dog (read homeowner's insurance.) Should every policy holder with their insurance company pay higher rates? Or is there a more "fair" way to "guess" at and assign the risk?

Last summer we have two large claims because of freak flooding. I anticipate an increase in our premium (fingers crossed we aren't canceled.) Fair? Prudent business decision for the other policyholders? I don't know.

(And no, I don't work in the insurance industry!)