The world’s developing nations have moved from being net borrowers to net lenders, economist Ed Lazear told the Stanford Institute for Economic Policy Research (SIEPR) Economic Summit. With nations like China now making loans to the United States, many expected market behaviors have been modified he said, pointing to factors affecting the current market upheaval.
Recorded: March 13, 2009
SIEPR: http://siepr.stanford.edu/

Duration : 0:24:7

Insurance companies are trying to control their bottom line a little better due to the downturn of the stock market and the loss of investment income.

They are now "tightening their belts" and actually UNDERWRITING new applications in an attempt to make money based on UNDERWRITING profits – and not just CASH FLOW investments.

I don’t see it affecting actual rates for the immediate future, it just might affect what a company WILL insure and what they WON’T.

Good luck and I hope this helps!

You have to buy auto-insurance………
as a condition of owning a car and choosing to drive it……….
That’s reasonable.

But you have to buy health insurance……..as a condition of what?
as a condition of existing.
as a condition of being human.
as a condition of being a lawful resident of the United States.

That’s absurd! That’s unconstitutional!

This penalizes poverty…….poor people will be punished for not buying something that they can’t even afford……….
and without the public option, it will be even more difficult to afford it.

I hate laws that punish people for "inactivity"……..
like; failure to file taxes
laws that don’t punish you for something you DID…….but for something you DIDN’T DO.
laws that make you "guilty by default." "guilty for being human."
"guilty until proven innocent."

It should be the consumer’s right to choose what he/she buys.

Counter-argument: "If someone goes without health insurance and gets sick, they will cost the tax payers money."
I understand that argument,

but forcing people to buy things isn’t the answer.
That’s like saying we should force everyone to buy something in hopes of stimulating the economy.
You can’t do that.

yup. but we have no say any more. I realized this because of this whole health care fiasco.

So many people are against this and showed it but that did nothing. We have lost our power.

There is almost next to nothing I hate more than: “Automobile Insurance”. It really makes me sick. I am so utterly disgusted by the advertisements on the internet and television commercials for it on television. Credit goes out to an ingenious and almost selfless man who goes by the name of DJHives. I must outright personally thank this person for enlightening me on the banking scheme of ‘Neander-Sheeple Insurance’.

Let’s face it: Neander-Sheeple are a problem. A major problem. They 1) Free Lunch Borrow from the “Free Lunch Bank, Inc.” due to their greed and selfishness, and 2) In the third world nations: They mate and reproduce like horney rabbits. This is why the third world is overpopulated and we have to do major Lifekill to prevent the masses from destroying the city infrastructure (Go Bill Clinton!!!! You did the right thing with Rwanda, and it’s sooooooo funny how you faked caring about the mass genocide LOL!!!!!! I mean, we ALL KNOW Clinton wasn’t as good as the Demi-God George W. Bush who acted like a perfect blond highschool cheerleader, “Oops, heh, heh, I didn’t knows that they’s had thems WMD’s………..”. But Bill Clinton gets second place for the “Official Dr. LaPaglia Lifekill Comedy Award”.

A literal perfect example of the danger of the over-psychological induction of the disgusting masses is none other than from the ‘Moron-Orc Housing Boom of 2004-2007′ from the delusions of entitled white people who, instead of working for their money, decided to hop over to the “Free Lunch Bank, Inc.”,

Today is 11/29/2009, and I do have some regretful news to state to you all: I have been diagnosed with Testicular Cancer and despite the fact that this is an EXTREMELY ULTRA-RARE PATHOLOGY

Seriously, pretty much 99.999999% (I am not kidding here, people, this is really disillusioning and depressing) Percent of all of the people on earth are complete utter morons.

Credit goes out to a man on the internet named ‘DJHives’ and the greatest economist in the world, Dr. Milton Friedman, for pointing out, “There is no such thing as a free lunch”. He was also the greatest shill economist to ever live, nobody shall out-do him.

They are all functionally retarded because they can’t understand extremely basic economics, let alone the actual reason we have war: To Balance The Currency. The average American has not only virtually NO ‘Fluid Intelligence’, but they also totally lack any critical thinking skills whatsoever.

The bankers print money out of nothing, and then you have to kill useless eaters to balance out the value of the paper inductance money with “Economic Capacitance” of available goods in circulation. That’s it. [Rolls Eyes] Gosh!!!!

My life has been a total living because of the parasitic elite sucking down my wealth (and my father’s so called ‘earned money’ he worked for) but the real torture throughout my 25 years of living in a pure total miserable nightmare, oh yes, that credit goes to…….. THE FREE LUNCH BORROWING MASSES!!!!!!!!!

God, can’t you see how aggravated and agitated I am just by how my body is shaking from holding the camera????? I mean, I guess it is sort of funny how the masses of Neander-Sheeple are so stupid they can’t even see the Swine Flu Media Amplifiers on television and the news, how they magically go from the backpages of the newspaper to the frontpage in less than 60 days.

Heh, I can’t wait for massive Lifekill….. can’t wait, can’t wait, can’t wait!!!!!!! Dr. Kissinger, I want Lifekill NOW!!!!!!!!!

Including Lifekill for the disgusting feudal pseudo-law school ABA accredited moron-orcs who BORROWED for their law school education instead of paying for it with this so-called ‘earned-money’, and insulted me because my law school degree didn’t have a ‘ABA-Accredited’ idiot sticker on it. I hate all of this disgusting, unthinking, downright animalic Neander-Sheeple.

On the Gittingerian Personality Assessment, My Personality would be classified as an Internalizer-Flexible Intellectual Learner-Role Uniform (IFU). IFU personalities are the most difficult to exploit or take economic advantage of. I am extremely high in “Fluid intelligence”, has little to do with IQ or “book” intelligence. It is rather the ability to step outside of our beliefs and consider information which does not fit into our previously accepted view of reality.

(I am so disgusted by the Housing Boom Borrowing of 2004-2008, you have no idea the nausea I feel by the sight of these highly leveraged debt animals, about 87%, cannot think for themselves, as a Travistock Propaganda Firm pointed out via statistical surveying: The majority are incapable of any free thought, and only 13% can actually think for themselves. Even fewer have the ability to look at the world with objective rationality.

Duration : 0:9:59

To be honest I don’t feel that a persons credit rating have anything to do with car insurance. A quote should be an honest quote of what it cost per month and per year. Either you pay your car insurance or not. What risk is this to the Insurance company? It can be canceled by the company if payment is not made. The company doesn’t pay for an accident that occur if the policy is not in force. There is no loss to them. What is the point of making someone pay a higher premium if they haven’t had an accident nor was it their fault. This is unfair racking it in. Who made this policy to base it on your credit rating? The economy is in a depression right now so many people will have bad credit ratings and those who have fallen into this mess now will have higher payments and have never had an accident or it wasn’t their fault. They are not responsible for the deficit we have today. All rates should depend on Make, Model and Year of your car. A Credit Rating has nothing to do with paying your monthly amount for coverage. Can you tell me why, if no accidents have been caused?

Insurance companies are in the business of insuring risk. There is a strong correlation between credit history and insurance risk, it may seem these are unrelated but people who make bad decisions in one area of their life tend to make bad choices in other areas also and are higher risk.

To be honest I don’t feel that a persons credit rating have anything to do with car insurance. A quote should be an honest quote of what it cost per month and per year. Either you pay your car insurance or not. What risk is this to the Insurance company? It can be canceled by the company if payment is not made. The company doesn’t pay for an accident that occur if the policy is not in force. There is no loss to them. What is the point of making someone pay a higher premium if they haven’t had an accident nor was it their fault. This is unfair racking it in. Who made this policy to base it on your credit rating? The economy is in a depression right now so many people will have bad credit ratings and those who have fallen into this mess now will have higher payments and have never had an accident or it wasn’t their fault. They are not responsible for the deficit we have today. All rates should depend on Make, Model and Year of your car. A Credit Rating has nothing to do with paying your monthly amount for coverage. Can you tell me why, if no accidents have been caused? It doesn’t have a feasible answer to me.

In a nutshell, (statistically) people who have a poor credit score are more likely to file a claim.

Actuarial studies show that how a person manages his or her financial affairs, which is what an [insurance score] indicates, is a good predictor of insurance claims. Insurance scores, plus other factors such as age, driving record, make and model of your car, and how many insurance claims have been filed in the past, are used to help insurers differentiate between lower and higher insurance risks and thus charge a premium equal to the risk they are assuming.

The goal of every insurance company is to correlate rates for insurance policies as closely as possible with the actual cost of claims. If insurers set rates too high they will lose market share to competitors who have more accurately matched rates to expected costs. If they set rates too low they will lose money.

Some states ban the use of credit scores as a consideration. This might been seen as benefiting those in lower economic groups — but others in the risk pool are subsidizing these people (from a statistical perspective).