Club Mulgoa

Thursday, March 08, 2012

Insurers

I sold off all my insurance stocks sometime ago.

http://www.theaustralian.com.au/business/financial-services/funding-storm-brewing-for-insurers-as-funds-increase-costs/story-fn91wd6x-1226294103210

If you make a big profit, you are seen to have overcharged or you have made profit out of people's misery. Government wants to stick its nose in, without explaining to voters how insurers work. People want cheap insurance but do not want to consider the fine prints. The simple arithmetic does not work that way.

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