It's not as if really high insurance premiums are the result of insurance companies making excess profits, they're not.

Well, maybe. It strikes me as odd that the tallest buildings in nearly every city I visit belong to insurance companies. New York, Boston, Los Angeles, Chicago, San Francisco, Hartford, Newark (for heaven’s sake) and many more. Not to mention a little company named Berkshire Hathaway which has a pretty substantial insurance division.

Watched the doc “Becoming Warren Buffett” again last night where they explained “float” (again). It intimated that the insurance industry is profitable, but is *extra lucky* because of “float.” Shouldn’t that just be part of the overall look at the industry? If a company wins on arbitraging prices between countries, that’s just a function of their business model. Likewise, “float” is just part of the insurance game, it’s not a lucky=strike-extra bonus.

Anyway, big buildings all over the place, but no Microsoft Tower, no McDonald’s skyscraper, no Budweiser castle. Probably a reason for that.