Tuesday, October 25, 2005

 

Insurance Companies

No company likes to lose money.....The insurance companies
hire "actuaries" who's job it is to calculate percentages of
profit and loss obtained from percentages of "will and will
nots"......It is a a guessing game......But if they, the actuaries,
are wrong and money is lost......It's still is a guessing game.....

But now it is a guessing game as to who will pay for the
incurred losses.....I guess a struggling farmer in Minnesota
will have to pay more in order to offset some lose in Florida....

I suspect that the day will come that anyone living in a
hurricane prone area will live there at "their own risk"......
Flood plains are now insured by the US Government, will
the "hurricane" or "tornado" belts be next????.....Pumps
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