If you were building a time machine, you need only find a way of travelling back two years to find a land of plenty. Remembering how good it was almost brings tears to your eyes. Every week a bank, credit card company or finance company would mail you their latest offers. Cheap overdrafts, reduced interest [...]

Many years ago, there was an early version of James Bond called Bulldog Drummond. Like Bond, he was a Brit and he had true grit when fighting an international criminal and his moll. The movies were less successful but the books are truly memorable. One of the best is “The Female of the Species”, the [...]

Looking around the US, all but three states mandate drivers to carry liability insurance. Some states have no-fault schemes. Others add in a requirement to buy a personal injury protection policy. As the healthcare reform bill was signed into law, many asked whether all insurance mandates were unconstitutional. This is a fun debating topic which [...]

The business of insurance is called underwriting. The company enters into a contract (called a policy) and agrees to indemnify a group of people like you against defined losses. So it uses some heavy duty math to work out the probability of the losses being incurred. It’s called risk assessment and relies on a complicated [...]

A traffic accident is never a think to be happy about. Having even the smallest car accident will surely give you a lot of stress and headache. Not to say that things will be a lot worse if there’s someone injured or the damage to vehicles or property is serious. The best thing to do [...]