I think utilizing a high profile person to show what could happen to young adults the mess up – is a great way to reach people in general discussion and catch their attention. Most of the Teen to low 20s glaze over when you discuss ‘what if’ in terms of driving record… here – is some pretty staggaring numbers. So although more on the People Magazine line of article it is something I can use….
How many actuaries does it take to change a light bulb?
a) How many did it take last year?
b) Have any of our competitors changed bulbs yet?
c) None, they prefer to leave us in the dark
Definition of IBNR: In there by not really
Actuaries are the people who enter the battlefield after the battle is over, and bayonet the wounded.
An actuary is someone who brings a fake bonb on a plane because that decreases the chances that there would be another bomb on the plan.
Just a little Wednesday humor at “An Actuary’s” expense. No offense intended!
The 350% is correct. The new premium is 3.5 times higher than the original premium, so it’s a 350% *increase*. The *difference* in premium is $5,334 (which is 250% higher than the $2,075).
I agree that she made some bad choices and might be regretting it right now but it will not stop her from coming out of jail and doing the same. DUI offender do it until someone gets involved in a fatality and then, they will cry and feel sorry. Mmmmmmmmmmmm
SF must stand for State Farm. Hope all their employees don’t use that kind of math. It is better to have everyone think you’re an idiot than to post a comment and remove all doubt. Thanks for participating SF. Now…let the adults talk! ;-)
The increase in premium is more then 350%
If you x3.50 of $2075.00 you should get $7262.50. Its safe to say the increase is more then 350%. What ever the fiquires come out to I will try my best not to get caught driving drunk I don’t have that kind of money to pay for insurance. Let the lesson be don’t get caught.
Your math is as bad as your spelling. We do not need an actuary for all of this people. (WOW are there that many dumb professionals in this world?)
Try this. Pick up a calculator and take $2075 and ADD 350% (type it just like I put it… 2075, plus sign, 350 percent sign) Now try 2075 and add 250% and see what the real answer is. Yes multiplying by 3.5 will give you $7263 but we are ADDING a certain percent to the base number.
Once you have completed this task, go back to 4th grade and ask your teacher for an explanation of this.
Now back to checking the other death pool participants to see how many of them have Lindsey on their pool too. :)
And you think actuaries are no fun!!!!!
because the 350% was refering to how much her life insurance premium would increase if they pulled her MVR. They never gave the original premium of the policy just that it would go up an estimated 350%
hi this is young raul i want to share my view.it is great deal for us. we can take any policy and safe our products.
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Cheaper Car Insurance
The $7.4K premium is 3.5 times greater than the $2K premium, so it is an increase of 250%, not 350%.
She’ll driver her boyriend’s car and they won’t know about her ’till her 3rd DUI!
*Jen shakes her head
Really Insurance Journal…Lindsay Lohan? Really?
I think you mean her girlfriend’s car.
Lindsey can still pay for it. I’m sure she has lots of $ saved and still gets residuals, even if her acting career is on the rocks.
Seriously, IJ, it’d be more interesting if we saw an article just giving the facts, not related to Ms. Lohan.
I think utilizing a high profile person to show what could happen to young adults the mess up – is a great way to reach people in general discussion and catch their attention. Most of the Teen to low 20s glaze over when you discuss ‘what if’ in terms of driving record… here – is some pretty staggaring numbers. So although more on the People Magazine line of article it is something I can use….
I hope she enjoyed the baloney sandwich she had for lunch today……….
And who says actuaries are nerds?!?!?
How many actuaries does it take to change a light bulb?
a) How many did it take last year?
b) Have any of our competitors changed bulbs yet?
c) None, they prefer to leave us in the dark
Definition of IBNR: In there by not really
Actuaries are the people who enter the battlefield after the battle is over, and bayonet the wounded.
An actuary is someone who brings a fake bonb on a plane because that decreases the chances that there would be another bomb on the plan.
Just a little Wednesday humor at “An Actuary’s” expense. No offense intended!
Definition: Actuary- a person who does not have the personality to be an Accountant!
Missed this one.
What’s the difference between a Life Actuary and a mob hitman?
An actuary will tell you how many people will die in a given year.
The mob hitman will tell you who.
Q. How many psychiatrists does it take to change a light bulb?
A. Only one, but the light bulb must really want to change.
Uhhhh, I don’t use conundrums. :)
The 350% is correct. The new premium is 3.5 times higher than the original premium, so it’s a 350% *increase*. The *difference* in premium is $5,334 (which is 250% higher than the $2,075).
I agree that she made some bad choices and might be regretting it right now but it will not stop her from coming out of jail and doing the same. DUI offender do it until someone gets involved in a fatality and then, they will cry and feel sorry. Mmmmmmmmmmmm
SF: So if the premium stayed the same, you would call that a 100% increase (1.0 times the expiring).
What’s the difference between an introverted actuary and an extroverted actuary?
The extroverted actuary looks at YOUR shoes when they talk to you!
I hope SF isn’t setting any of my rates…
SF must stand for State Farm. Hope all their employees don’t use that kind of math. It is better to have everyone think you’re an idiot than to post a comment and remove all doubt. Thanks for participating SF. Now…let the adults talk! ;-)
$2075.00
x 3.50
=$7262.50
The increase in premium is more then 350%
If you x3.50 of $2075.00 you should get $7262.50. Its safe to say the increase is more then 350%. What ever the fiquires come out to I will try my best not to get caught driving drunk I don’t have that kind of money to pay for insurance. Let the lesson be don’t get caught.
Your math is as bad as your spelling. We do not need an actuary for all of this people. (WOW are there that many dumb professionals in this world?)
Try this. Pick up a calculator and take $2075 and ADD 350% (type it just like I put it… 2075, plus sign, 350 percent sign) Now try 2075 and add 250% and see what the real answer is. Yes multiplying by 3.5 will give you $7263 but we are ADDING a certain percent to the base number.
Once you have completed this task, go back to 4th grade and ask your teacher for an explanation of this.
Now back to checking the other death pool participants to see how many of them have Lindsey on their pool too. :)
And you think actuaries are no fun!!!!!
because the 350% was refering to how much her life insurance premium would increase if they pulled her MVR. They never gave the original premium of the policy just that it would go up an estimated 350%
hi this is young raul i want to share my view.it is great deal for us. we can take any policy and safe our products.
========================
Cheaper Car Insurance