Thanks, Reinsurance: Colorado Premiums to Drop By 18%

[TexasTowelie]

2. Well, I know about them.

However, that's because I worked at the state insurance department and Transamerica Property & Casualty before it went under.

The holding company for Transamerica was also one of the counter-parties on the derivatives that AIG was involved with. Back in 2008 when AIG plummeted, I was making a tidy profit on my company stock. I took the gamble beginning in 2004 and purchased company stock after reading the annual report on their involvement in derivatives and because I knew real estate prices were over-inflated. It was probably the smartest financial decision I ever made.