I mean, the banking system, if you go back 30 years ago, a bank from Wisconsin couldn't go into Minnesota and vice versa, or couldn't go into Illinois and vice versa. And then we saw The interstate banking laws crumble and you brought in competition. The same thing should happen with insurance. You talk about being able to buy across state lines. Absolutely. But you talked earlier about the premium, the person getting hit by a car. What if these people don't buy insurance? (35:04–35:13)
CLAIM
Asserts that competition should be introduced in the insurance industry similar to interstate banking.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
