Very nice post. You clearly know a lot about the subject. There are insurers who do not require rebuilding in order to pay full fare on the claim. The premiums for such reflect the privilege. I'll take an opposing view to HS's Marshall Fire comments below. I've been very impressed with the degree of rebuilding that has occurred in the aftermath. But it has taken many years. The CA fires dwarf what happened here in Boulder County.
If the "free market" were allowed to operate freely, this should take care of itself. When the state imposes caps on premiums, insurers like State Farm do what they must and simply reduce the size of the risk pool. In the 1990s New York passed a catastrophic health insurance coverage mandate. By December every health insurer in the state save one, had notified the Insurance Commish they would be leaving the state. The governor scrambled to get the legislature to quickly repeal the law so a real disaster was averted. A lot of the ills we see can be traced back directly to government action.
In 1977, Money Magazine. TRowePrice had full-page ads. Vanguard had tiny ads so I missed them. Called my brother-in-law, a bond analyst on Wall Street, for advice. He said TRP's 'Prime Reserve Fund' would be a good place to start.
An older farmer in Colorado was interviewed in the 1990s after he'd won $1.5 million in the lottery. He was asked, "When will you quit farming?" Answer: "When the money runs out."
Comments:
Very nice post. You clearly know a lot about the subject. There are insurers who do not require rebuilding in order to pay full fare on the claim. The premiums for such reflect the privilege. I'll take an opposing view to HS's Marshall Fire comments below. I've been very impressed with the degree of rebuilding that has occurred in the aftermath. But it has taken many years. The CA fires dwarf what happened here in Boulder County.
Post: Would You Rebuild?
Link to comment from January 12, 2025
To be sure, the "good old days", by-and-large, weren't.
Post: Join me on a trip down memory lane. It’s likely too long a trip for many readers
Link to comment from January 10, 2025
If the "free market" were allowed to operate freely, this should take care of itself. When the state imposes caps on premiums, insurers like State Farm do what they must and simply reduce the size of the risk pool. In the 1990s New York passed a catastrophic health insurance coverage mandate. By December every health insurer in the state save one, had notified the Insurance Commish they would be leaving the state. The governor scrambled to get the legislature to quickly repeal the law so a real disaster was averted. A lot of the ills we see can be traced back directly to government action.
Post: The Twenty Billion Dollar Problem
Link to comment from January 10, 2025
Your Negative Friends sound like emotional vampires.
Post: Kicking Myself
Link to comment from January 7, 2025
"We make our own luck." and "Luck is preparation meeting opportunity."
Post: Why We Struggle
Link to comment from January 4, 2025
Jonathan - If this isn't straying too far into the personal, is there a possibility that Elaine might share a tidbit about her side of the experience?
Post: Four Questions
Link to comment from December 28, 2024
In 1977, Money Magazine. TRowePrice had full-page ads. Vanguard had tiny ads so I missed them. Called my brother-in-law, a bond analyst on Wall Street, for advice. He said TRP's 'Prime Reserve Fund' would be a good place to start.
Post: No Barriers to Entry by Jonathan Clements
Link to comment from December 27, 2024
An older farmer in Colorado was interviewed in the 1990s after he'd won $1.5 million in the lottery. He was asked, "When will you quit farming?" Answer: "When the money runs out."
Post: Do Farmers get to retire? Article recommended by Bill Perry
Link to comment from December 20, 2024
Same question.
Post: Easier for Rachel
Link to comment from December 12, 2024
"If goods don't cross borders, soldiers will."
Post: Trading Arguments
Link to comment from December 8, 2024