Andrew Tobias Quotes
No wonder lawyers, who control the legal system, have fought so hard, and with great success, against "no fault" insurance. No fault, no lawsuits. No lawsuits, no lunch.
One of the advantages of the book's having been out there for more than a quarter century is that there's been time for people to report back on what it's done for them.
There are only two things as complicated as insurance accounting and I have no idea what they are.
But successful investors tend to be not too self-destructive. They tend to be patient, they tend not to follow the crowd, and they tend not to be too guilty about winning.
The first American insurance company was the Friendly Society for the Mutual Insurance of Houses Against Fire, founded in Charles Town in South Carolina, in 1735.
What kind of bank gives back 65 percent-often less-of what you deposit? Indeed, when you compare the services of a bank and an insurance company, common sense suggests something is out of whack.
The life insurance industry is filled with good people who believe in their work and their companies, but who may never have challenged the assumptions underlying their efforts.
The larger the deductible you choose, the less insurance you are buying. Insurers want to sell insurance.
Still, most people don't have much money. So finding ways to come out a couple of thousand dollars ahead every year still matters.
The industry cannot long offer unneeded or overpriced insurance if people will not buy it.
Rule of thumb: The more trimmings an insurance plan has and the harder someone is pitching it, the faster you should run.
In short: Readily available low-cost life insurance would be a threat to the industry, and whatever threatens the life insurance industry threatens America.
Life insurance in America has traditionally been dominated by mutual insurers. Twelve of the fifteen largest life insurers are mutuals.
Having no national system of catastrophic health insurance, we have, through the courts, managed to patch together pieces of a not very satisfactory one.
There's no question young drivers have far more accidents than older ones - but is it our aim to keep them off the roads? Or to allow only rich young people (who can afford the premiums) to drive?
Man's natural life span, 75 to 90 years or so, has not increased. It is the number of us who manage to attain it that has increased.
