The principles of insurance

I am sure I am only one of the many people who will have written to you to express their admiration regarding Ms Mullins' intellectual grasp of what is probably the most complex principle of insurance (The Lawyer, 15 September).

As Ms Mullins correctly points out, attractive risks obtain cover at preferential rates on the open market and less attractive risks obtain cover at less preferential rates. Ms Mullins did not need to state the obvious – namely, that proven bad risks sometimes cannot get cover at all.

SIF is obviously now in very good hands and I for one look forward to receiving notification of a substantial reduction in the premium for the year commencing 1 November.

Glyn R. Crews

Bennett Welch & Co