Club Mulgoa

Friday, March 11, 2011

Insurers

I read Mike Hawkins' article in Eureka Report. I got rid of QBE in Oct 2010. In time of disasters, avoid insurers. If QBE is involved with re-insurance, then the Japanese earthquake is bound to affect it unless no insurer would touch Japan when it comes to underwriting earthquake issue.

With so many natural disasters downunder, I am glad I have nothing more to do with insurers. Yet, why is MH recommending QBE? Smart or dumb? Did he missed out on the news of the biggest earthquake recorded in Japan and its consequences?

Stick to potash, phosphate, silver, coal, gold and oil..... yes, and graphite.

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