Re:The strange business of hole-in-one insurance
by a4isms on Tuesday May 03, 2022 @06:34PM
(#31254455)
Story #3:
After regaling me with stories about improbable events and how much the reinsurance company had to pay, the GM of the office I dealt with told me that he owned two cottages:
One “entertaining” million-dollar cottage on a lake in Muskoka, Ontario, where one could jet-ski and power-boat.
And one “get away from it all” cottage on a different lake that had a 5km/hr speed limit, effectively barring motorized sports.
From this I deduced that for all their wild payouts, they were running a good business that could afford to pay its management quite handsomely.
After regaling me with stories about improbable events and how much the reinsurance company had to pay, the GM of the office I dealt with told me that he owned two cottages:
One “entertaining” million-dollar cottage on a lake in Muskoka, Ontario, where one could jet-ski and power-boat.
And one “get away from it all” cottage on a different lake that had a 5km/hr speed limit, effectively barring motorized sports.
From this I deduced that for all their wild payouts, they were running a good business that could afford to pay its management quite handsomely.