Fools & Their Money Are Soon Parted (And Other Insurance Industry Truisms)

London

was

National Underwriter

The phoenix (very often) rises from the ashes.

often

Na?ve capital, or "a [shareholder] and his money are soon parted."

Let the seller beware!

everybody

Any financial forecast, including reserving estimates, is going to be wrong.

how

What goes up must come down.

America sends its best and worst trends abroad, including the idea that if something happens to a person, then it must be someone elses fault.

Lisa S. Howard, National Underwriters former international/reinsurance editor, has left NU to take a job in the industry. Her position will be announced publicly next month.

Reproduced from National Underwriter Property & Casualty/Risk & Benefits Management Edition, December 19, 2003. Copyright 2003 by The National Underwriter Company in the serial publication. All rights reserved.Copyright in this article as an independent work may be held by the author.

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Fools & Their Money Are Soon Parted (And Other Insurance Industry Truisms)

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