Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.
A large supermarket in our neighborhood now has all liquor locked behind glass doors. The Walgreen's drug store a block away now has much of it's merchandise similarly locked up. And this is a very low-crime wealthy San Francisco neighborhood, so I …
Thousands more Californians will lose their home insurance this summer as two more insurers withdraw from the state.
In filings with the California Department of Insurance, Tokio Marine America Insurance Co. and Trans Pacific Insurance Co. said the…
From above: "Not worth the hassle for me, particularly with Treasuries yielding 5% or more, and they can be easily bought and sold."
Yes, that's pretty much the way that I see it also.
To repeat what I posted earlier in this discussion:
When entire large contiguous communities are at risk because of one single loss situation (especially weather or fire related) that model simply doesn't work.
The reality is that the insurance mod…
Be aware that there are central information agencies which supply every bit of information regarding your personal history that they can scrape up to the insurance companies. And the insurance companies (at least many of them) contribute to and rely…
From above - "I know for a fact these insurance companies have a small army of actuaries on staff"
Now that is a new development. That's going to put a lot of Tarot card readers out of a job.
In California at least State Farm is attempting to limit their exposure to potential losses to a level that can be supported by premium revenue. To this end they have recently cancelled policies which were located in geographic areas that they deeme…
In a post above @Catch22 mentions that even if a vehicle is low-mileage and only a few years old insurance companies may consider it "totaled" if the air bags have deployed. Exactly that happened to a good friend of mine here in CA- his wife ran the…
@msf- thanks for the note about slander being covered under "Personal injury". Same with our State Farm policy. Now I'm wondering if a certain baseball fan has similar coverage... :)
I doubt that it will be this weekend- the house bill needs to return to the Senate and be reconciled with the original Senate version- sometime next week at best, I think.
On this subject, I want to recognize the leadership of GOP Speaker Johnson. …
@Catch22- Yes sir, slander it was alleged to be. And the insurance company settled rather than fight it in court. Mike is correct- $1 mil is the common starting number. Sorry, but I don't have the annual premium available on this computer (we're up …
@MikeM asked- Question for the group, I just purchased an umbrella policy. Do others have this insurance? It isn't that expensive, and it keeps you from losing a bundle in a law suit, for example someone badly hurt on your property or in a car accid…
They are. essentially, "cherry-picking" and spreading out their exposure to limit the potential losses to a level that can be supported by premium revenue.
Major insurance companies will not insure our house by the Russian River at Guerneville. I …
Following is a reproduction of the insurance-related posts from "The Week In Charts" thread.
Rbrt - April 18
From the blog:Transportation costs remain stubbornly high (+10.7% over last year), with skyrocketing auto insurance rates being a major co…
"look broadly at a mix of m-mkt funds, T-Bills, short-term CDs, ultra ST bond funds. It isn't a good idea to rely entirely on any one of these, or to claim that one would never have x or y or z"
Exactly right.
@hank- yes. I couldn't think of any words that would do it justice.
@Anna- thanks for that... one reason that I love MFO is because I'm always learning something.
Yes, Miles O'Brian is a reporting resource for PBS Newshour with respect to aviation and space-related topics. I have always appreciated his information and perspectives.
If memory serves (a rather significant "if" these days) Frontline actually did a report on that some years ago, and (again if I remember correctly) covered all of those very aspects of the failure.
@MikeM- from personal experience if JPMorgan Chase can call a CD they will. I had an 18 month @5.7 and they just called it with 9 months left to go. I think that was the only callable CD that I have.
From Investor's Business Daily-
Well, that didn't take long. Investors already lost $5.3 billion on shares of Trump Media & Technology Group (DJT) — with Donald Trump himself eating most of the losses.
Shares of the money-losing holding company…