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September 2004

SCUBA-SE@RAVEN.UTC.EDU

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SCUBA or ELSE! Diver's forum <[log in to unmask]>
Date:
Tue, 7 Sep 2004 16:14:30 -0500
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> 2. When the insurance company cries about losing money when
> their projections prove correct, when an Andrew finally hits.
>  You'll note that they are very, very quiet about the profits
> they made, and distributed to their shareholders in the
> non-Andrew years.  The original idea was not to make a profit
> every year, but to make an average return over the long term.
> Insurance companies are not supposed to be analyzed on the short term.
>
> Lee
>
>
Ah but there is the problem. The bonuses, stock options, etc paid to high
executives are very short term and very important (to them.)

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