Inflation and the money supply
The US government has created a category 5 storm regarding inflation and the economy. Get ready for 15% inflation or more.
Inflationary perfect storm
Why people are skeptical about inflation
Many people say there will be no inflation because the money supply was increased when demand for money was low, therefore, the only thing [...]
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Tags: Inflation
Insurance license exams are easy
The insurance license exams were one of the easiest exams I have ever taken. I do not think I even studied for more than going through a few old exams. In each question they are looking to test you on a specific idea, a particular concept. They are multi choice and [...]
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Tags: Insurance
Insurance industry sucks
Why does the insurance industry suck? Because it does not serve their customer’s needs and companies do not respect their employees. I think anyone who has worked for an insurance company knows this.
Insurance use to me known for its sleepy, stable jobs and reliable client service and honest payouts for claims. The one [...]
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Tags: insurance industry, sucks
Fiscal stimulus exacerbates the business cycle
Anything the government does free market does more efficiently. Think of UPS vs the Post office. Think of Google vs. umm the government could never create such efficient tool as Google.
Some people believe that micro managing the economy and business cycles from the top with a large fiscal stimulus is [...]
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Tags: Business cycles
Why does Poland not have a recession
I am an American who lives in Poland. Poland does not have the downturn that western Europe and America has. The reason is simple. Polish people do not like credit. They are very down to earth people. When they want to buy something they usually pay cash or on [...]
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What insurance salesman can learn from Obama
I use to sell insurance. As an insurance salesman I was OK, but not great. What the better insurance salesmen did, that I would not do, was talk not only of the benefits of insurance, but play on people’s fear. Fear is a wildly imaginative emotion and even bringing [...]
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Tags: insurance salesman, Obama
Statutory Accounting
When I worked in the investment accounting STAT or Statutory Accounting always made my life more difficult. Why? I had to create separate financials for every company on a STAT and GAAP basis. If I did not use SS&Cs CAMRA it would have been almost impossible. But with CAMRA the STAT basis was calculated [...]
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Tags: Insurance, Statutory Accounting
The effect of a Federal office of national insurance
Obama’s plan to establish a federal office of national insurance will take the power from the states and give it to the central government. Currently states regulate the insurance industry. In fact, if you are, lets say a P&C insurer you have to file a separate annual [...]
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Renter insurance
I know people l disagree with my opinion but, Renters insurance is a waste of money and time.
Property insurance
If you own a car and home, which are large investments then these are things which you must insurance, but if you rent a place chances are the things you have in your flat are not [...]
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What is personal line insurance?
Personal Lines are obvious to those who work in the industry but to those who are not in the insurance industry, here is what comes under personal lines insurance:
Car insurance
Home insurance property
Home owners insurance liability
Inland marine – this is a variety of personal goods not just connected with yachts obviously.
Personal liability
What [...]
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