STUMP - Meep on public finance, pensions, mortality and more
STUMP - Death and Taxes
Don't sell insurance to the Mafia
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-15:06

Don't sell insurance to the Mafia

Though they do generally try to hide the bodies

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“War insurance?”

“Yeah. We pay out if there’s a war.”

“Isn’t that massively correlated risk?”

“Yeah. The idea is, we sell war insurance to companies who do badly if there’s a war - tourist attractions and the like. Then we sell the same amount of peace insurance to military contractors. As long as we get the probabilities and costs right, we make the same profit either way.”

“Neat idea, how’s it going?”

“Great! Ayatollah Khameini just bought a ten billion dollar policy.”

“Of the war version or the peace version?”

“Can’t say, confidentiality agreement.”

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Roth attracted national headlines in the summer of 2012 when his son told authorities that his father had drowned while swimming at Jones Beach. For several days, rescuers searched for the man with no success until he was reportedly seen at a condo he owned in Florida. He was spotted again after getting a speeding ticket in South Carolina.

UPDATE:

The Weekly World News Reports:

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STUMP - Meep on public finance, pensions, mortality and more
STUMP - Death and Taxes
Meep (Mary Pat Campbell) talks about mortality trends and/or public finance issues, usually with a connection to current events.