we were in London last night, enjoying dinner with friends acquaintances, and it turns out friends of friends who are not our friends. We were having dinner in a relatively well-known eatery in Soho when the friend of a friend starting talking about the greatness of the American healthcare system, needless to say this front of a friend is loaded. He thought that the NHS Was a tyranny and that the public sector was no good to provide healthcare The interesting commentary was that his only experience with healthcare was a boob job and a nose job for his daughter He had always been healthy, and therefore no experience of the healthcare system that didn’t stop them from having an opinion on everything The questions becomes Do you answer to such ad hominem attacks or do you let it go and leave early? That’s the question in the end we chose the Latter and went home early. My wife asked me why I didn’t Confront this hard I told her that I didn’t feel like getting to an argument with someone
for nearly 200 Years the reinsurance market has been the place where regular insurance company have come to protect themselves again catastrophic events. In the last decade or two that market has proven to be harder and harder to be profitable Some very good friends. I’ve been involved in the market for over half a century. They have said they have not seen things as bad as they are today ever. Names are quitting the business right left and center. There is a seven year Exit window in the Lloyds insurance market. Names are quitting as they see that the last decade or so have generated no profits. The catastrophic weather destruction of the past few weeks in the United States are largely absorbed by The reinsurance market, And when the Payout exceeds premium by nearly 200% this is not a good business. Watching the destruction in North Carolina and today in Florida, just confirm what has been known for a long time that this is an insane market that is in and not an acceptable Risk. The