Insurance
in sentence
1634 examples of Insurance in a sentence
This risk management ability will have broad applications in finance and
insurance.
But my point is that we buy
insurance
to protect ourselves financially in case those things happen, right?
We're creating insurance, reducing the risk to our planet and to our economy, and at the same time, in the short term, we're not sacrificing performance.
Well, as it turns out, there's a dental
insurance
company called Beam.
And we said, yeah, you're absolutely right, and we drove those liar's loans out of the industry in 1990 and 1991, but we could only deal with the industry we had jurisdiction over, which was savings and loans, and so the biggest and the baddest of the frauds, Long Beach Savings, voluntarily gave up its federal savings and loan charter, gave up federal deposit insurance, converted to become a mortgage bank for the sole purpose of escaping our jurisdiction, and changed its name to Ameriquest, and became the most notorious of the liar's loans frauds early on, and to add to that, they deliberately predated upon minorities.
Well, the government, as I told you, when we were the savings and loan regulators, we could only deal with our industry, and if people gave up their federal deposit insurance, we couldn't do anything to them.
Congress, it may strike you as impossible, but actually did something intelligent in 1994, and passed the Home Ownership and Equity Protection Act that gave the Fed, and only the Federal Reserve, the explicit, statutory authority to ban liar's loans by every lender, whether or not they had federal deposit
insurance.
There will be
insurance
issues.
Or, a question for me is also, why would people who have no health
insurance
not embrace universal healthcare?
I don't think they thought I'd grow up to sell
insurance.
Go find us some insurance."
Now, traditional
insurance
doesn't work with two to three Euros of premium, because traditional
insurance
relies on farm visits.
Devising such a cover is difficult, but it turned out the real challenge was selling
insurance.
Everybody kept telling me that farmers wanted insurance, but our prime customers simply weren't buying.
They were waiting to see what would happen, didn't trust
insurance
companies, or thought, "I've managed for so many years.
Why would I buy
insurance
now?" Now many of you know microcredit, the method of providing small loans to poor people pioneered by Muhammad Yunus, who won the Nobel Peace Prize for his work with the Grameen Bank.
Turns out, selling microcredit isn't the same as selling
insurance.
For insurance, the farmer needs to trust the
insurance
company, and needs to advance the
insurance
company money.
And so the uptick of
insurance
has been slow, with so far only 4.4 percent of Africans taking up
insurance
in 2012, and half of that number is in one country, South Africa.
We tried for some years selling
insurance
directly to farmers, with very high marketing cost and very limited success.
These organizations became our customers, and when combining credit and insurance, interesting things can happen.
So we convinced our
insurance
partners, and later that April, these farmers replanted.
We took the idea of replanting to a seed company and convinced them to price the cost of
insurance
into every bag of seed, and in every bag, we packed a card that had a number on it, and when the farmers would open the card, they'd text in that number, and that number would actually help us to locate the farmer and allocate them to a satellite pixel.
We visited his farm later that August, and I wish I could show you the smile on his face when he showed us his harvest, because it warmed my heart and it made me realize why selling
insurance
can be a good thing.
Instead, I am looking forward to, at least somehow, the year of the insurance, or the year of the great harvest.
But if an event is potentially devastating, it's worth paying a substantial premium to safeguard against it, even if it's unlikely, just as we take out fire
insurance
on our house.
My father aspired to have a car like that, but my father had a beaten-up Mini, and he never, being a Jamaican coming to this country, he never had a driving license, he never had any
insurance
or road tax or MOT.
They actually act like an
insurance.
When the family is in trouble, facing hardship, facing hard times, remittances increase, they act like an
insurance.
My youngest, Andrew, he came down from his home in Charlestown where he was working in Boston, and my son Pete, who had played at Boston College, baseball, had played baseball professionally in Europe, and had now come home and was selling group insurance, he also joined us.
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