Forum Replies Created
Remember when Nicole Foss used to write for this blog?
While the insurance industry is probably as much of a house of cards as the banking & investment sectors are, I’d like to point out that not every unpaid claim is the fault of the insurer or some macro global trend.
Having worked in the Canadian health insurance industry for 12+ years, I can tell you that with insurance (just like every other good/service) there is a spectrum of quality. Some policies are a waste of time, money and paper and only serve to give people a false sense of security. Others are exceptionally good and are highly likely to deliver when/if there is a claim.
People love to hate insurers because it makes for a good “heartless corporate villain versus poor, innocent customer” story. But in reality many customers choose to buy the least expense coverage and wind up getting what they paid for.
Insurance is a contract and many customers don’t make any effort to research what their obligations and responsibilities are within that contract.
Having gotten that off my chest, I’d like to agree with what DancesWithStaplers has to say. This low interest rate environment is really squeezing the industry players. They trying to adjust by revamping their products and restricting their obligations. But in the end if the funds aren’t there to pay claims (and still make a profit), I would expect them to get a lot less friendly about paying out claims with grey areas.December 10, 2012 at 9:17 pm in reply to: The Automatic Earth presents a brand new Nicole Foss 4 DVD set #6557
Cjrego…it would make life better for everyone if you could try to be more polite. Try it. It’s not that hard once you decide to be a nice person.
Ilargi, you may want to look into publishing it on iTunes. That might be an opportunity to reach a broader audience. Food for thought. Though the good thing about having it on DVD is that you have a back up copy.December 10, 2012 at 11:44 am in reply to: The Automatic Earth presents a brand new Nicole Foss 4 DVD set #6553
Will it be available for downloading for a similar fee?November 1, 2012 at 12:05 am in reply to: Renewable Energy: The Vision And A Dose Of Reality #6246
It’s great to have you writing/interviewing again Nicole. No one does the “big picture” commentary better than you. Please keep at it.September 17, 2012 at 10:21 pm in reply to: Bernanke And Draghi Are Not Trying To Save Our Economies #5624
Does Stoneleigh still write for this blog? …seems like not very much anymore. Now that Ashvin is doing his own thing it would be great to hear from her more often. And please, not for short term, time specific predictions…stay away from that or Viscount St. Albans and the like will have a coronary.
I originally came to this blog because it offered big picture, long term perspective. This is badly needed in a world of lies and contradictions. I’ve found Stoneleigh’s perspective vital in helping me to stay the course in being financially diligent (paying off debt, staying out of the markets) and sharing the message with others.
There is limited value in ranting about the 1% elite, bankers & Central Bankers. They will do what they will do. Anyone needing to vent about them can tune in to Max Keiser.
The worldwide financial situation is now a giant house of cards and the best thing that TAE can do is educate people on why it will collapse, what that will look like and what to do about it before & after it does.
Here are a couple of topics that I’d like to hear from Stoneleigh about: 1) the Canadian housing situation, 2) what she means when she refers to “multiple claims to underlying real wealth” (an example or illustration would be great.)
Thank you to Ilargi, Stoneleigh & Ashvin for your good work.
Where the heck is Nicole? Does she still blog here?
“Not that any of this has humbled Rubin.” Common symptoms of pride: it blinds you to your own errors, closes your mind to what others might have to teach you and makes you dig in your heals regardless of the evidence in front of you.
Beware of those who are incapable of swallowing their pride and changing course even when presented with new information.
It’s great to have you contributing more often Nicole. When researching information about these important topics, it’s rare and refreshing to have find the writings of such a brilliant mind without the hyperbole.