My dad was in the army. World War II. He got his college education from the army. After World War II he became an insurance salesman. Really I didn't know my dad very well. He and my mother split up after the war. I was raised by my maternal grandmother and grandfather and by my mother.
From cell phones to computers quality is improving and costs are shrinking as companies fight to offer the public the best product at the best price. But this philosophy is sadly missing from our health-care insurance system.
Competition among insurers would bring down the cost of health care insurance just as it brings down the cost of car or homeowners insurance.
The irony is that it was tougher to rent a car from Cerberus when it owned Alamo than to buy a semi-automatic. To rent a car one had to provide ID a drivers' license and get insurance coverage. To buy a gun? Cash and carry from the back of a station wagon at a gun show. No concerns about downstream liability or risk.
Many kids come out of college they have a credit card and a diploma. They don't know how to buy a house or a car or health insurance or life insurance. They do not know basic microeconomics.
Show business is my life. When I was a kid I sold insurance but nobody laughed.
The chances of a bank going out of business are extremely slim but it's always a good idea to spread around major sums so every penny is backed by insurance.
Whoever incites anger has a strong insurance against indifference.
The people who did the collateralized mortgage obligations sold them to pension funds then sold them short then bought credit default swap insurance on them are just amazing. They are a law unto themselves.
Simply by not owning three medium-sized castles in Tuscany I have saved enough money in the last forty years on insurance premiums alone to buy a medium-sized castle in Tuscany.