And using the very best data they have available. And it is always a gamble.

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And using the very best data they have available. And it is always a gamble.

alcaray — 11/5/2013 11:58:11 PM (archived)

Some times they get it wrong. I worked for an insurance company that had to sell 51% of their stock to AIG. This happened because they bet wrong on how safe they would be and how bad the payouts would be if their real estate portfolio got hit by an earthquake. It is only partly a science.

The whole thread (26 posts)

Important info (though not the proof or the statistics that we are waiting for) - alcaray - 11/4/2013 7:31:41 PM
- Cool - RobVG - 11/5/2013 3:49:07 AM
  - "Deceit" - TB - 11/5/2013 4:20:41 AM
    - What occupies my mind and in what percentages... and whether the percentages are correct... - alcaray - 11/5/2013 6:34:42 PM
      - Do the math. - TB - 11/5/2013 6:59:06 PM
        
        The insurance companies do not currently have the info to do the math. Only a liar would say that he does. - alcaray - 11/5/2013 7:07:40 PM
        
        Re: The insurance companies do not currently have the info to do the math. Only a liar would say that he does. - TB - 11/5/2013 7:20:04 PM
        
        Were you? - alcaray - 11/5/2013 8:08:51 PM
        
        I know someone who was. - TB - 11/6/2013 12:25:06 AM
    - People will listen to what they want to hear. - RobVG - 11/5/2013 4:49:46 AM
      - Some pay more; some pay less; some pay the same. - alcaray - 11/5/2013 6:37:41 PM
        
        I didn't present any numbers did I? - RobVG - 11/6/2013 12:13:51 AM
        
        You said "all people are talking about". I thought you might be talking about me, so I clarified my position. - alcaray - 11/6/2013 1:31:47 AM
        
        I didn't mean you. Mainly prominent people in the news. Also I've started to listen to NPR. - RobVG - 11/6/2013 3:27:49 PM
- Did you read the actual letters (linked in the article)? - TB - 11/4/2013 9:35:27 PM
  - I looked at them as opposed to reading them. - alcaray - 11/5/2013 6:50:10 PM
    - "I certainly did not go to their websites. How is that pertinent when the accusation was about their marketing?" - TB - 11/5/2013 7:47:53 PM
      - Next time you make the "they refuse to note the facts" argument, please recall this thread. - alcaray - 11/5/2013 8:10:26 PM
- We'll see - FrankC - 11/4/2013 9:24:21 PM
  - Insurance companies have just as hard a time as anyone predicting the future, when there's a big change to take account of. - alcaray - 11/5/2013 7:18:45 PM
    - Individuals predict the future... - FrankC - 11/5/2013 9:07:51 PM
      - And using the very best data they have available. And it is always a gamble. - alcaray - 11/5/2013 11:58:11 PM
  - I agree - SteveS - 11/5/2013 1:39:09 PM
    - Then there's the "generation war." - TB - 11/5/2013 3:48:53 PM
      - And rewriting history for the new generation - SteveS - 11/5/2013 4:21:34 PM
        
        To be fair, the signmaker might have been thinking "small-d" democrat. - TB - 11/5/2013 4:43:20 PM

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