Robert Hunter: Windfall Profits

Posted by admin on Sunday, May 3, 2020

Robert Hunter Money Quote saying as director of insurance for the Consumer Federation of America that auto insurance companies should return excess profits to consumers. Robert Hunter said:
 

 

“Windfall profits for auto insurers and excessive auto insurance premiums should not be another harm visited upon consumers from COVID-19” — Robert Hunter

 

 

In this quote, Robert Hunter is criticizing how some auto insurers have responded to the COVID-19 pandemic. He notes that while insurers have seen “windfall profits” due to fewer accidents during lockdowns when less driving occurred, consumers are still paying “excessive auto insurance premiums.”

Hunter appears to believe insurers should have lowered premiums proportionately instead of excessively profiting from the reduced risk of claims during the pandemic.

The quote conveys Hunter’s view that insurers’ profits and consumers’ premium costs during COVID-19 have become unfairly imbalanced, representing another “harm visited upon consumers” from the pandemic’s economic impacts according to this interpretation.

Charmaine Forde: Impecunious Windfall

Posted by admin on Thursday, November 15, 2018

Charmaine Forde Money Quote saying we dream while we have nothing, but once dreams are realized, we stop dreaming. Charmaine Forde said:
 

 

“I have seen people dream huge dreams while they were impecunious, and as soon as they received that windfall, Those dreams dissipated almost immediately” — Charmaine Forde

 

 

In this quote, Charmaine Forde seems to be making an observation about how sudden financial gains can sometimes diminish people’s ambitions and work ethic. Some key points:

• She notes having witnessed impoverished people (“impecunious” meaning lacking money/wealth) who still dreamed very big despite their circumstances.
• However, Forde notes that as soon as these people received an unexpected windfall of money, their grand dreams “dissipated almost immediately.”
• This implies that once initial financial lack/hardship was removed, it removed the driving motivations and discipline that fueled those lofty visions in the first place during times of scarcity.
• Forde appears to be conveying that money alone does not necessarily sustain vision or determination if one has not built strong underlying character traits through challenges prior to wealth arriving.

Overall, the quote suggests Forde observed how sudden monetary gains have the potential to diminish people’s ambitions, as poverty and lack can paradoxically strengthen dreams by cultivating grit, while surplus can breed complacency if one has not developed fortitude through difficulties independent of financial status.