A Ratio about the Auto Insurance World
A Ratio about the Auto Insurance World
I think that when all’s said and done, we’ll get to a point where most people do understand what’s actually going on with their auto insurance. I think that issues like financial reform will bring these seemingly technical concepts into the fore of mainstream debate. Ultimately, we’re talking about insurance, and insurance has integrated itself into society in a way that’s possibly more integrated than currency itself. Did you realize that for every security on Wall Street, there are four insurance policies traded against that security (in the way of options and futures contracts)? That’s a startling ratio when you actually think about it.