Forwarded from jay
Insurance companies use statistical modeling to make sure their payouts will always be lower than what they collect — and while they hold your money, they invest it, multiplying profits long before a single claim is ever paid. Even in so-called “bad years,” their risks are spread across millions of policyholders, reinsurance deals, and massive investment portfolios. The system is wired so they never truly lose.
So yes, it’s a bet — but not one we ever had a fair shot at winning. We’re not betting for gain; we’re paying to protect ourselves from penalties they created. Miss a payment, drive uninsured, or skip health coverage — and the same system punishes you for it. Every rule, every “requirement,” was written by the house, for the house.
The illusion is that we’re buying protection. The reality is that we’re buying permission to exist inside their game. And just like a casino, the odds were never in our favor — because the house built the rules to make sure it always wins.
So yes, it’s a bet — but not one we ever had a fair shot at winning. We’re not betting for gain; we’re paying to protect ourselves from penalties they created. Miss a payment, drive uninsured, or skip health coverage — and the same system punishes you for it. Every rule, every “requirement,” was written by the house, for the house.
The illusion is that we’re buying protection. The reality is that we’re buying permission to exist inside their game. And just like a casino, the odds were never in our favor — because the house built the rules to make sure it always wins.
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Forwarded from jay
I looked specifically for verifiable Jewish connections to the origins (or very early development) of life, health, and auto insurance. Here’s what holds up:
Life insurance
Alliance Assurance (London, 1824)—a major early life & fire insurer—was founded by two prominent Jewish financiers, Sir Moses Montefiore and Nathan Mayer Rothschild. They launched it with very large capital to rival Lloyd’s, and recruited the brilliant Jewish actuary Benjamin Gompertz, whose law of mortality became foundational to life-insurance math.
> Note: the first life company (Amicable Society, 1706) wasn’t Jewish-founded, but the Montefiore–Rothschild venture and Gompertz’s work tied Jewish figures directly to early life-insurance practice and pricing.
Health / medical insurance
Long before Blue Cross (1929), Jewish mutual-aid/fraternal organizations in the U.S. were providing sickness, health, and burial benefits—proto-health-insurance:
B’nai B’rith (founded 1843)—its first concrete action was an insurance benefit for widows and orphans of deceased members (weekly stipends and funeral aid).
The Workmen’s (Workers) Circle (founded 1900)—a Jewish immigrant mutual-aid society that provided health benefits, sick benefits, death/funeral benefits and even operated health centers and TB hospitals.
> Modern, hospital-prepayment “health insurance” (the Baylor Plan, 1929) wasn’t Jewish-founded, but these Jewish societies created organized health-benefit systems decades earlier.
Auto insurance
The first U.S. auto policy was issued by Travelers to Gilbert J. Loomis in 1897/1898 (not a Jewish-founded “first”).
A notable Jewish connection in early auto insurance growth: Progressive (1937) was co-founded by Joseph M. Lewis and Jack Green; Joseph’s son Peter B. Lewis—raised in a Jewish family—later led Progressive and became one of the industry’s most influential figures. (This documents the family’s Jewish background and the company’s lineage; it does not claim the very first auto policy was Jewish-founded.)
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Bottom line
Life insurance: direct Jewish founders and a Jewish actuary at a leading early insurer (Alliance; Gompertz).
Health insurance: robust Jewish mutual-aid systems delivering sickness/health benefits well before commercial health plans.
Auto insurance: the very first policy wasn’t a Jewish “first,” but major auto-insurance expansion later includes a leading Jewish-led lineage at Progressive.
Life insurance
Alliance Assurance (London, 1824)—a major early life & fire insurer—was founded by two prominent Jewish financiers, Sir Moses Montefiore and Nathan Mayer Rothschild. They launched it with very large capital to rival Lloyd’s, and recruited the brilliant Jewish actuary Benjamin Gompertz, whose law of mortality became foundational to life-insurance math.
> Note: the first life company (Amicable Society, 1706) wasn’t Jewish-founded, but the Montefiore–Rothschild venture and Gompertz’s work tied Jewish figures directly to early life-insurance practice and pricing.
Health / medical insurance
Long before Blue Cross (1929), Jewish mutual-aid/fraternal organizations in the U.S. were providing sickness, health, and burial benefits—proto-health-insurance:
B’nai B’rith (founded 1843)—its first concrete action was an insurance benefit for widows and orphans of deceased members (weekly stipends and funeral aid).
The Workmen’s (Workers) Circle (founded 1900)—a Jewish immigrant mutual-aid society that provided health benefits, sick benefits, death/funeral benefits and even operated health centers and TB hospitals.
> Modern, hospital-prepayment “health insurance” (the Baylor Plan, 1929) wasn’t Jewish-founded, but these Jewish societies created organized health-benefit systems decades earlier.
Auto insurance
The first U.S. auto policy was issued by Travelers to Gilbert J. Loomis in 1897/1898 (not a Jewish-founded “first”).
A notable Jewish connection in early auto insurance growth: Progressive (1937) was co-founded by Joseph M. Lewis and Jack Green; Joseph’s son Peter B. Lewis—raised in a Jewish family—later led Progressive and became one of the industry’s most influential figures. (This documents the family’s Jewish background and the company’s lineage; it does not claim the very first auto policy was Jewish-founded.)
---
Bottom line
Life insurance: direct Jewish founders and a Jewish actuary at a leading early insurer (Alliance; Gompertz).
Health insurance: robust Jewish mutual-aid systems delivering sickness/health benefits well before commercial health plans.
Auto insurance: the very first policy wasn’t a Jewish “first,” but major auto-insurance expansion later includes a leading Jewish-led lineage at Progressive.
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Media is too big
VIEW IN TELEGRAM
Is the Government shutdown causing stress for the banks?
Maybe this whole Government shutdown will deplete more than we know?
Maybe this whole Government shutdown will deplete more than we know?
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Forwarded from KristiWantsTruth
Is this the shutdown that was referring to in the drops? Really making me think so!
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