Simply wrong, front to back. The one thing I give you is hold and invest.Insurance is all about the profits and never about the insurance. The business is all about holding and investing your cash donations in hopes that you never ask them to payout for the services they pretend to offer.
I would have said regulators, but essentially correct.Being able to hedge against risk is super important. If your free market providers of such hedges aren't behaving appropriately, blame your legislators.
I do.Being able to hedge against risk is super important. If your free market providers of such hedges aren't behaving appropriately, blame your legislators.
I don't think that you understand the business. It has two parts: underwriting (collecting premiums and payouts for claims) and investments. On the underwriting side they make money by denying claims or settling for the lowest amount possible. The underwriting business model is to collect as high a premium as the market allows and payout as little as possible. For the most part the more regulation and social pressure to carry any particular type of insurance policy, the better the industry likes it.Simply wrong, front to back. The one thing I give you is hold and invest.
J
I have ten years in the business. Let's just say your explanation is less than fair, even slanted.I don't think that you understand the business. It has two parts: underwriting (collecting premiums and payouts for claims) and investments. On the underwriting side they make money by denying claims or settling for the lowest amount possible. The underwriting business model is to collect as high a premium as the market allows and payout as little as possible. For the most part the more regulation and social pressure to carry any particular type of insurance policy, the better the industry likes it.
They make money on the investment side through diversified investments. And furthermore, most of the investment products offered by insurance companies are crap: high premiums, lots of penalties and restrictions, and no guaranteed return.
Insurance companies actually made money as a whole during the Katrina year- even those in it's immediate area of wrath. For those picky on sources, it was a Frontline documentary, I believe- don't remember the name though.
And that is the GOOD news. They were expecting much worse.25% of the houses in the Florida keys have been destroyed.
65% have major damage.
All have been impacted.
A Pizza Hut manager in Florida threatened to punish employees who missed shifts by evacuating too early for Hurricane Irma.
In a memo, the manager said workers at the Jacksonville restaurant have a "responsibility and commitment" to the community, and that employees who needed to evacuate would get only a 24-hour "grace period" before the storm.
"You cannot evacuate Friday for a Tuesday storm event!" the notice read. "Failure to show for these shifts, regardless of reason, will be considered a no call / no show and documentation will be issued."
It also said that employees would be required to return to the city within 72 hours of an evacuation.
Like having terrible pizza?If I weren't already boycotting Pizza Hut for other reasons...
Jose is still out there, wandering around as a Cat-1. I saw a compilation of computer models on Fox News. They looked like a 4th of July starburst. No one knows where this thing is going.
Obviously a major disaster. I've been boycotting Pizza Hut since the founders sold to Pepsi in 1977, ie pretty much my whole life.If I weren't already boycotting Pizza Hut for other reasons...
Like having terrible pizza?
Because you don't like Pepsi?Obviously a major disaster. I've been boycotting Pizza Hut since the founders sold to Pepsi in 1977, ie pretty much my whole life.
J