13 Jun 08 Friday The 13th
Dutch statisticians have found that when Friday falls on the 13th of a month, it is actually a little safer than a regular Friday.
Perhaps this is because many people treat the day with suspicion and tread more carefully.
Insurance companies have fewer claims on Friday the 13th than on other Fridays too.
Tags: friday the 13th, insurance, insurance companies, statisticians, suspicion
01 Dec 07 Licensed Bandits
In 1992, US Insurance companies collected $20.5 billion in premiums and reported a pretax loss of $11.8 billion on home insurance, not counting earnings from investments, according to A. M. Best, an insurance rating agency. In 2005, the home insurers took in $52.2 billion in premiums and reported a pretax loss of $643.6 million; losses had been cut to a sliver of sales. In 2005, with investment earnings of $1.9 billion, the home insurers had a net gain, before taxes, of $1.3 billion.
One measure of the new efficiency of the home insurance business is its ratio of claims expenses to premiums. In the year of Hurricane Andrew, the industry paid out $1.27 for every dollar of premium it collected. In 2005, the year of the more destructive Hurricane Katrina, the insurers paid out 71.50 cents for every dollar of premium.
Still they whine, that they can’t afford to offer coverage at all in many areas, and the deductibles get higher and higher. Insurance companies simply suck.
Tags: 50 cents, 6 million, deductibles, destructive hurricane, efficiency, home insurance, home insurers, hurricane andrew, hurricane katrina, insurance business, insurance companies, insurance rating, investment earnings, investments, losses, premiums, pretax loss, sliver, whine
02 Nov 07 Save Your Bacon?
A report from the World Cancer Research Fund (WCRF) – which slammed red meat as being a killer has now turned on pork, and particularly cured pork.
However, another report trotted out a few days ago warns that the addition of folic acid to food could increase the incidence of bowel, prostate and breast cancer in 20 years.
After years of encouraging pregnant mothers to take extra folic acid, a new report now suggests they’ll all sucumb to cancers of the digestive system and not see their little ones grow up.
The strange thing is that although we mustn’t eat this, we must lose weight, eat no fat, drink little alcohol, and really stop leading such awful unhealthy gluttonous lives, insurance companies have just published a report, drawn from actuarial figures, predicting that half of all current 30-year-olds can expect to live to be 100. This odd world in which everything we do is killing us quickly but everyone is living longer can only encourage a bemused and fatalistic shrug.
Tags: actuarial, bemused, breast cancer, cancer research fund, cancers, cured pork, digestive system, fatalistic, folic acid, insurance companies, live to be 100, living longer, lose weight, odd world, pregnant mothers, red meat, shrug, strange thing, wcrf, world cancer research fund
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