Please help contribute to the Reddit categorization project here

    [–] You will burn for it EverythingTittysBoii 1 points ago in memes

    I’ve never had a post (and I post a decent amount) where 2 people are actually shadowbanned and they don’t know it. Since I’m the only comment. Hopefully they see this and make a new account.

    RIP https://i.imgur.com/l18lpYp.png

    Edit: never*

    [–] Been a good ride EverythingTittysBoii 3 points ago in memes

    Dad I said this is my meme time. Just let me do my thing OK?

    [–] Absolute savages EverythingTittysBoii 7 points ago in memes

    Yup. Wonder if she ended up fuckin them all and ruined their friendships with each other in retaliation. 🤷‍♂️. Guess we’ll never know.

    [–] Amazon delivery lady delivers more than a package 📦 EverythingTittysBoii 3 points ago in WTF

    I guess this begs the question. Have you ever pissed on another mans driveway and fought him? If so please provide extensive details of what created such a situation.

    [–] Horses on a Plane EverythingTittysBoii 16 points ago * (lasted edited 14 hours ago) in Damnthatsinteresting

    Depends what you insure them for. If you want to do a stated amount (the cost of the horse and future breedings) including while traveling and while racing you’re looking at $150-300k a year. All depends on the market at the time and how aggressive underwriters are willing to get. If carriers are making money and underwriters are hungry the price can drop quick. Also any horse that has ever won any race or show of significance (and was insured) would never be transported this close to other horses, for the record. They essentially travel like NFL teams do in their own planes but with just that horse (possibly another horse they know/grew up with or makes them comfortable) and the trainers/owner/jockey.

    [–] Horses on a Plane EverythingTittysBoii 7 points ago * (lasted edited 15 hours ago) in Damnthatsinteresting

    Even with show horses the premium would be low. Flying is one of the safest ways of travel which is taken into consideration via analytics. Now a show horse actually performing or a Kentucky Derby Winner getting hurt during a race is another story. That’s a seperate kind of insurance and a separate kind of horse mortality (that horse also would never be this close to that many other horses. They would be flown in their own plane including a vet test prior to boarding). Usually covered in “layers” by multiple insurance companies who charge a premium for each million. Similar to say (sadly) the World Trade Centers falling or any High rise worth hundreds of millions. Insurance companies take on “layers” and multiple of them. Sometimes 20-30 insurance carriers will go in on one building. Those insurance companies who insure that then also buy insurance called reinsurance. To insure themselves should the building actually fall.

    [–] Horses on a Plane EverythingTittysBoii 2 points ago in Damnthatsinteresting

    Usually most surplus gains they have and profit are from investments not actual underwriting. From an article.

    The Industry made $518 billion through investment income while Net underwriting income in the industry equals -$24.732 billion (all numbers are per A.M. Best).

    Essentially they made no money from insurance (lost $24 billion) and made $518 billion with investments

    [–] Horses on a Plane EverythingTittysBoii 4 points ago * (lasted edited 15 hours ago) in Damnthatsinteresting

    Exactly, An agency sells insurance FOR Insurance companies. Agencies get paid commissions from insurance companies. Most insurance companies don’t make money on actual insurance. They make money on investment income by investing the “premiums” customers pay them. From a pure insurance standpoint (minus investment income) most break even. Also known as a 100% combined ratio

    [–] Horses on a Plane EverythingTittysBoii 28 points ago * (lasted edited 15 hours ago) in Damnthatsinteresting

    I won’t get into surplus requirements, and all the other federal/state requirements to become an insurance company. If you’re referring to starting an insurance agency. That’s different. Anyone can (assuming you’re licensed). Starting an insurance COMPANY though requires state filings, admitted paper and lots of other requirements (including about a billion dollars in cash or assets if you’re in multiple states). These popular apps you see like “Lemonade” or “Root” aren’t insurance companies and it’s not their paper or claims people. They are essentially a managing general agent (MGA) that has the pen and is backed by an actual insurance company. They simply get paid a commission like every other agent would in your local town.

    [–] Horses on a Plane EverythingTittysBoii 52 points ago in Damnthatsinteresting

    Yea I know it’s crooked. We insure horses that cost more than I make in 10 years. Welcome to Corporate America. I’m just trying to pay my bills and it’s all I know

    [–] Horses on a Plane EverythingTittysBoii 322 points ago in Damnthatsinteresting

    Definitely not a couple million. I am an insurance underwriter. This plane ride cost probably about $50k total in horse mortality for all of them combined and that’s on the high end. Oh and that’s for every airplane ride they take that year (annual policy).

    [–] Edit: can’t believe this blew up EverythingTittysBoii 2 points ago in memes

    Edit: 18 upvotes already I’ll take it and I actually made it. Can’t believe this blew up!!! I love my dog. And Mom