Insurance Contract Quotes & Sayings

A little scorn is alluring. — William Congreve

There was more than one way to think about Mike Burry's purchase of a billion dollars in credit default swaps. The first was as a simple, even innocent, insurance contract. Burry made his semiannual premium payments and, in return, received protection against the default of a billion dollars' worth of bonds. He'd either be paid zero, if the triple-B-rated bonds he'd insured proved good, or a billion dollars, if those triple-B-rated bonds went bad. But of course Mike Burry didn't own any triple-B-rated subprime mortgage bonds, or anything like them. He had no property to "insure" it was as if he had bought fire insurance on some slum with a history of burning down. To him, as to Steve Eisman, a credit default swap wasn't insurance at all but an outright speculative bet against the market - and this was the second way to think about it. — Michael Lewis

Well, let's go back to the original intent of Social Security. It is an insurance contract. — Chuck Hagel

If companies want to benefit from the advantages of social norms, they need to do a better job of cultivating those norms. Medical benefits, and in particular comprehensive medical coverage, are among the best ways a company can express its side of the social exchange. But what are many companies doing? They are demanding high deductibles in their insurance plans, and at the same time are reducing the scope of benefits. Simply put, they are undermining the social contract between the company and the employees and replacing it with market norms. As companies tilt the board, and employees slide from social norms to the realm of market norms, can we blame them for jumping ship when a better offer appears? It's really no surprise that "corporate loyalty," in terms of the loyalty of employees to their companies, has become an oxymoron. — Dan Ariely

You are exporting disorder [in the form of heat into the Universe] now as you read this book. You are hastening the demise of everything that exists, bringing forward by your very existence the arrival of time known as the heat death, when all stars have died, all black holes have evaporated away and the entirety of creation is a uniform bath of photons incapable of storing a single bit of information about the glorious adolescence of our wonderful Universe. — Brian Cox

Information technology is at the core of how you do your business and how your business model itself evolves. — Satya Nadella

I'm legally unable to ride motorcycles. It's a contract that I have with my life insurance, so whenever I get a chance to do a movie and ride a bike I go for it. — Nicolas Cage

I feel that it is no less interesting to be a trainer than to play oneself. I even take greater delight in the tournament successes of my lads than I do in my own. — Mark Dvoretsky

What was so special about the Mac, we all know, was the graphical computer interface. — Megan Smith

Social Security is not a retirement savings plan; it is a social insurance program. It's a contract that says, as a society, we will look out for you and your family when you can no longer work. — Jeff Bingaman

The more that you read, the more that you know. The more that you learn, the more places you will go — Anynomous

I can follow pretty much every programming language out there, I can make a two-hundred-year-old diary out of some really nasty ingredients, I can even make sense out of the instruction booklets that come with IKEA furniture, but I can*not* make heads or tails of this nonsense right here. — Keith R.A. DeCandido