I originally planned to write something else this week but there was a lot of interest in last week’s broker piece so I thought I would dive a little deeper into some of the issues I didn’t get to address. Namely, if I’m right and brokerage valuations do retrench, what Continue Reading
Insurance Brokers Are Ridiculously Overvalued
Before we get started, isn’t Informed planning to be an agent? Why would I talk down distribution valuations? Because we don’t do self serving here. We speak truth and me telling you brokers are still cheap isn’t going to stop the market from puking them someday. Don’t fight the facts. Continue Reading
How Politicians Create Bad Outcomes From Good Intentions
Before we get started, I don’t do politics here unless there is a broadly applicable lesson and it affects markets. You shouldn’t read into any of what follows as an endorsement of one party or a denouncing of the other. That said, there are some pretty good lessons about unintended Continue Reading
Jerome Powell, Ventriloquist Dummy
Editor’s Note: Thanks to Carrier Management for featuring my recent post on The Reinsurer’s Veto. You can find the article here. No, I’m not calling the Fed Chair dumb. I’m calling him a dummy. There’s a difference. A dummy is controlled by a ventriloquist who gives it voice. The dummy Continue Reading