Insurance Quotes (12 quotes)
Bahn’s Law of Rocketry: Amateurs talk Propulsion, Professionals Talk Insurance.
— Pat Bahn
Finally, in regard to those who possess the largest shares in the stock of worldly goods, could there, in your opinion, be any police so vigilant and effetive, for the protections of all the rights of person, property and character, as such a sound and comprehensive education and training, as our system of Common Schools could be made to impart; and would not the payment of a sufficient tax to make such education and training universal, be the cheapest means of self-protection and insurance?
I am particularly concerned to determine the probability of causes and results, as exhibited in events that occur in large numbers, and to investigate the laws according to which that probability approaches a limit in proportion to the repetition of events. That investigation deserves the attention of mathematicians because of the analysis required. It is primarily there that the approximation of formulas that are functions of large numbers has its most important applications. The investigation will benefit observers in identifying the mean to be chosen among the results of their observations and the probability of the errors still to be apprehended. Lastly, the investigation is one that deserves the attention of philosophers in showing how in the final analysis there is a regularity underlying the very things that seem to us to pertain entirely to chance, and in unveiling the hidden but constant causes on which that regularity depends. It is on the regularity of the main outcomes of events taken in large numbers that various institutions depend, such as annuities, tontines, and insurance policies. Questions about those subjects, as well as about inoculation with vaccine and decisions of electoral assemblies, present no further difficulty in the light of my theory. I limit myself here to resolving the most general of them, but the importance of these concerns in civil life, the moral considerations that complicate them, and the voluminous data that they presuppose require a separate work.
I couldn’t help picturing [the Steady State universe] as a sort of 1950s advertisement, with a pipe-smoking father sitting comfortably in his living room, next to the radiogram, with a wife knitting submissively in the background, and a small boy playing with Meccano on the carpet. The father would remove his pipe and twinkle knowledgeably as he said “Of course, I’m with Steady State Insurance,” and a caption underneath would say “You Know Where You Are With a STEADY STATE Policy.”
Insurance is the biggest single problem with this industry [commercial space flight].
— Pat Bahn
It is characteristic of our age to endeavour to replace virtues by technology. That is to say, wherever possible we strive to use methods of physical or social engineering to achieve goals which our ancestors thought attainable only by the training of character. Thus, we try so far as possible to make contraception take the place of chastity, and anaesthetics to take the place of fortitude; we replace resignation by insurance policies and munificence by the Welfare State. It would be idle romanticism to deny that such techniques and institutions are often less painful and more efficient methods of achieving the goods and preventing the evils which unaided virtue once sought to achieve and avoid. But it would be an equal and opposite folly to hope that the take-over of virtue by technology may one day be complete, so that the necessity for the laborious acquisition of the capacity for rational choice by individuals can be replaced by the painless application of the fruits of scientific discovery over the whole field of human intercourse and enterprise.
It’s our job to make sure the solar system is well-behaved. Asteroid strikes are what we call “low-probability, high consequence” events. If we’re not investing in some kind of insurance, one of them, one day, could take us all out.
No, not a feminist. I’m a humanist. I’m neither one side nor the other. It’s about the human being. And wanting human beings to be better off so they don’t view children as an insurance for the future.
The companies that can afford to do basic research (and can’t afford not to) are ones that dominate their markets. … It’s cheap insurance, since failing to do basic research guarantees that the next major advance will be owned by someone else.
The planned and orderly development and conservation of our natural resources is the first duty of the United States. It is the only form of insurance that will certainly protect us against disasters that lack of foresight has repeatedly brought down on nations since passed away.
The Superfund legislation set up a system of insurance premiums collected from the chemical industry to clean up toxic wastes. This new program may prove to be as far-reaching and important as any accomplishment of my administration. The reduction of the threat to America's health and safety from thousands of toxic-waste sites will continue to be an urgent but bitterly fought issue—another example for the conflict between the public welfare and the profits of a few private despoilers of our nation's environment.
[Decimal currency is desirable because] by that means all calculations of interest, exchange, insurance, and the like are rendered much more simple and accurate, and, of course, more within the power of the great mass of people. Whenever such things require much labor, time, and reflection, the greater number who do not know, are made the dupes of the lesser number who do.