Free Republic

A coronavirus pandemic which lasts five years, another pandemic in a decade, and ever more transmissible variants are among the scenarios life insurers are predicting after COVID-19 claims jumped more than expected in 2021. The global life insurance industry was hit with reported claims due to COVID-19 of $5.5 billion in the first nine months of 2021 versus $3.5 billion for the whole of 2020, according to insurance broker Howden in a report on Jan 4, while the industry had expected lower payouts due to the rollout of vaccines. "We definitely paid out more than I had anticipated at the...

Actuaries have the best job in America, according to a recent study by CareerCast.com, which looked at physical demands, work environment, income, stress, and hiring outlook.This was a rather surprising conclusion. Analyzing statistics for calculating insurance risks and premiums is not exactly a glamorous line of work.For insight into this supposed great job, we talked to a real-life actuary — who agrees that he has the best job in America.Growing up, Mike Boot was the guy you wanted to sit next to in math class."I would be that curve buster in the class," Boot says. "I scored very well in national tests, very...

Apparently a source within HHS has said that Sebelius and her staff had access to info from the Medicare actuary that Obamacare costs would be much higher than publicly disclosed before the vote, but chose not to want to actually see the info. Their justification was "It might affect the vote...." DUHH!