Topic: The weather is bananas, time to get out of the insurance buiznus?
Anonymous A started this discussion 1 month ago #136,359
Denmark has had one of the warmest and coldest July within like... A month or something and apparently new York is flooded again
Anonymous B joined in and replied with this 1 month ago, 26 minutes later[^] [v] #1,447,368
I'm pretty sure my house has 4 pages of exclusions... I'm not even sure if it's actually insured for anything. They gladly take money for premiums though.
Anonymous A (OP) replied with this 1 month ago, 37 minutes later, 1 hour after the original post[^] [v] #1,447,379
@previous (B)
Yeah but you know, happens to too many people, the more wealthier people and suddenly there's pitchforks
Yeah but you know, happens to too many people, the more wealthier people and suddenly there's pitchforks
boof joined in and replied with this 1 month ago, 2 hours later, 3 hours after the original post[^] [v] #1,447,383
oh if only it were raining men
Anonymous D joined in and replied with this 1 month ago, 16 minutes later, 3 hours after the original post[^] [v] #1,447,385
If it's inconsistent then insurance isn't a good business.
But even expensive situations are insurable if they are consistent. You can just pass the increased costs along and still add your premium.
But even expensive situations are insurable if they are consistent. You can just pass the increased costs along and still add your premium.
Anonymous E joined in and replied with this 1 month ago, 8 hours later, 11 hours after the original post[^] [v] #1,447,432
Insurance is always good business. They invest your money and hide behind verbiage. Premiums go up, payouts go down, and you’re legally obligated to buy many kinds, plus riders and often things like umbrella policies. If the sea levels go up whole communities will become uninsurable and you will see massive population shifts.
Anonymous A (OP) replied with this 1 month ago, 12 hours later, 23 hours after the original post[^] [v] #1,447,459
@1,447,385 (D)
@previous (E)
Alright that's good enough for me. But if I lose on insurance stocks, I'm sueing minichan
@previous (E)
Alright that's good enough for me. But if I lose on insurance stocks, I'm sueing minichan
boof replied with this 1 month ago, 3 hours later, 1 day after the original post[^] [v] #1,447,465
it's a god damn racket, it is
