Assorted links

by on September 7, 2012 at 12:10 pm in Uncategorized | Permalink

1 prior_approval September 7, 2012 at 12:15 pm

From the insurance fraud/amputation article –
‘But it belongs to a new category of fraud that has emerged out of the crisis: fraud performed out of economic necessity. The Zurich group presented a report in March that highlighted the emergence of this new sort of defrauder.

“This type of policyholder now covers a debt or bad results in his business with his insurance,” explains Carlos Palos, director of Zurich’s accidents claims department. “Claiming compensation becomes a way of getting money,” he adds.’

Somehow, this seems neither new nor news.

2 Careless September 7, 2012 at 12:57 pm

I was all set to mock that quote.

3 Ted Craig September 7, 2012 at 12:58 pm

1. Fails to define the regions. Am I in the Northeast? Because in Detroit a shawarma is much more typical than anything on the Midwest list.

4 GiT September 7, 2012 at 1:20 pm
5 JWatts September 7, 2012 at 1:29 pm

#3) Allowing an average income person to insure an arm for $800K USD in the first place seems like a Fail on the part of the insurance companies.

6 sort_of_knowledgable September 7, 2012 at 2:33 pm

It was multiple people with separate policies for the same person that totaled 600,000 Euros which makes it a little less obvious but checking for duplicate policies would still seem like an important principle.

7 Emil September 9, 2012 at 10:41 am

Ref. Dynamic pricing on online retailers – I wonder if their inventory prices fluctuates also? If not what is the basis of the scarcity that drives prices? If their stock is replenished at a fixed price then any daily price variations only operate within the profit margin of the retailer. What is the societal benefit in this scenario?

8 Brian Donohue September 9, 2012 at 8:12 pm

The Italian Beef sandwich is a work of sublime genius.

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