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Insurance can be a very strange game.

Publication: Mississippi Business Journal
Publication Date: 21-AUG-06
Format: Online
Delivery: Immediate Online Access
Full Article Title: Insurance can be a very strange game.(evaluation of insurance)

Article Excerpt
I hate insurance. It feels like wasted money. You pay in big, fat premiums, in hopes you'll never have to use it. Of course, if the worst happens, you face a company who isn't too thrilled about letting go of their money. It's a strange game.

Insurance is all about risk management. Premiums for a 16-year-old male driver are horrendous, but the odds of that 16 year old wrecking the family car are extremely high, in fact some would say it's a given. The company must cover its costs. Premiums for property coverage in Biloxi are also high. Any property owner in a hurricane-prone area can expect to pay through the nose for someone else taking the risk of...

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