Been riding it up with you, on and off, but mostly on. I expect this to continue running. Expecting earnings 4th quarter to be good. Too much bearishment over this stock the last couple of years created a bargain. Room to run.
You don't get nothing in return. You get the assignment of risk. You get peace of mind. INsurance is not a savings account. It is assignment of risk (to someone else) for a finite period of time. If more people understood the very concept of insurance, people wouldn't post stupid comments like this.
"insurance is not a savings account" - well it was for Goldman Sachs! (TARP bailing out AIG) "if people understood the concept of insurance" - you mean like alternative risk transfer to a counterparty, or credit default swaps, or offshore tax havens for reinsurance that they charge you for but never buy.