My “other” insurance has been cancelled. Really? I guess we are a bad risk. I know auto insurance companies are quick to drop you with even one “fender bender”. The one that is hard to understand is home insurance. Several years ago, we had a tree get hit by lightning and the electrical surge blew out garage door openers and an array of electrical items like stereos and radios. Total claim was $1,600 and we a paid $500 deductible. Yep, we have been dropped from coverage on home insurance. We have paid premiums for 29 years. We experience one claim and we are history. My neighbor has replaced 2 roofs with insurance after questionable hail damage and his rates haven’t changed.
I have been interested in the $1 billion challenge to pick all the 63 “bracket winners” in the NCAA basketball tournament. On the first day of the tournament, out of 11 million entrants (through Quicken Loans), one (that is right one) person picked all 32 games correctly. That one person lost his chances when Dayton beat Syracuse in the second round. There was one winner. The insurance company owned by Warren Buffett was paid a premium to cover the chances $1 billion might have to be paid. Buffett makes money because he understands risk. No wonder he is one of the richest men in the world.
This would be funny if it wasn’t so true. Former President Jimmy Carter handles lots of information that still requires confidentiality. He does not use a cell phone (lacks security). He does not use e-mail for the same reason. He doesn’t even use a telephone using a land line. Carter uses a typewriter to draft his messages and sends them through the mail in a sealed envelope using the U.S. Postal service. The sad part is that he knows what he is doing. Old fashion, but effective.
UW Badgers still dancing.
Marquette loses basketball coach Buzz Williams to Virginia Tech. Big loss!
Brewers open Monday in 50 degree weather featuring new addition “Hank” the mascot. Exciting.
Love,
Dad