Fools & Their Money Are Soon Parted (And OtherInsurance 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 soonparted."







Let the seller beware!



everybody

Any financial forecast, including reserving estimates, is goingto be wrong.

how

What goes up must come down.





America sends its best and worst trends abroad, including theidea that if something happens to a person, then it must be someoneelses fault.









Lisa S. Howard, National Underwriters formerinternational/reinsurance editor, has left NU to take a job in theindustry. 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 serialpublication. All rights reserved.Copyright in this article as anindependent work may be held by the author.