Reply to post: Re: re: Problem is that the technology works well ...

Equifax's disastrous Struts patching blunder: THOUSANDS of other orgs did it too

Loud Speaker

Re: re: Problem is that the technology works well ...

My brother's business burned down last week. He lost everything - value £50k (small business). He had no insurance.

Why?

Because his premiums were £300 pa before 9/11, and then they raised it to £3k. There has been 6 years since 9/11. If he had paid the insurance, with inflation (typically 20% in insurance if you are a buyer, not a regulator), the premiums would probably have cost him £50k anyway!

The reality is, the insurance industry is eating itself with its greed!

Better to put the £300 pa into bank shares. For example Barclays. Their scandal deployment department ensures frequent attractive buy opportunities.

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