Wednesday, 2 March 2011
Taking Insurance On TEOTWAWKI
Looking through the documentary channels on TV there is often a repeat of the Discovery Channel programme on the Maya prophecy for TEOTWAWKI, or The End Of The World As We Know It. It is claimed that this is forecast for 21 December 2012.
The ECJ, the European Court of Justice has just made a ruling on the fixing of insurance premiums in which gender is excluded from any criteria. It is claimed that this will affect a substantial proportion of people seeking insurance adversely in the effect of the extra charges that will be necessary. This is due to take effect on 21 December 2012.
Do the judges know something that we don’t? But then insurance always used to be about risk. Perhaps we won’t need it after that date.