Leave a comment

November 29, 2012 by richandrenee

‎”What will shortly be realised in Christchurh is that the problems with insurance stem not from the earthquake but rather from the zero interest rate policy”

“how can the insurance industry survive if the price of money is zero”

“ok here’s how it works, you pay the insurance company, they invest, when your house is broken, they pay you, because they can from investing your fees at a fair rate (the price of money)”

“as long as governments maintain ZIRP the chance of a fair price on reinsurance is … zip”

-Richard Thompson


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s