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Insurance

Why and how to opt out of healthcare.gov

I opted out of the Universal health care mandate. I did it legally. Why did I do this and how is the purpose of this post. I opted out and I am glad I did. I choose not to be part of the system because of moral reasons, but I also found a better alternative. […]

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Insurance

Personal injury lawyer billboards

I do not know if it is the area I live or this is America today with the economy and all? But on network TV and along the any highway I see billboards for personal injury lawyers announcements dominating advertising landscape. Not a few mind you, but ever 1/4 mile, there are a cluster billboards […]

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Insurance

Economics of insurance fraud

The economics of Insurance fraud in graphs I worked in the Insurance industry for many years. From time to time, we heard someone got caught doing something to defraud the company (usually auto insurance fraud). Since the penalty was pretty high I  would ask why would any rational person do it. If they were so […]

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Insurance

Is renters insurance worth it?

Renters insurance is a waste of money and time. I have rented for 30 years. That is right 30 years of paying rent, I know what I am talking about.  I can prove that insurance is not worth it. Property insurance Insurance is about ownership, not a monetary probability. You are made whole after a […]

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Insurance

Investment accounting for an insurance company – a strange job

My overview of  a job in investment accounting for an insurance company One of the strangest jobs I had been the manager (director or whatever the title inflation is these days) for investment accounting for OneBeacon insurance company. Insurance accounting is a strange and funny world. The purpose of this post is to tell you […]

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Insurance

Insurance fraud

The following is a series of facts and stories about insurance fraud.  It is a bit of a collection of stories from my life in the insurance world and what I have seen.  Many people are wondering what the penalty is for insurance crimes and what are the chances or getting caught. It is more […]

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Insurance Politics

Expats and US health care reform insurance?

I am an American living as an expat abroad full-time. Will I have to pay for health care insurance in the US ( which I will not use) under this new health care reform bill? This is a good question. The purpose of this post is to clarify the rule for expats regarding new mandatory […]