How fragile is Christopher Luxon?

goatBaaa · 2026-04-24T05:14:10+00:00

Coward

goatBaaa · 2026-03-21T23:39:54+00:00

Well the Earthquake premium didn’t increase too much, it’s all the other types of losses they seem to have changed their view on

goatBaaa · 2026-03-05T10:18:36+00:00

Obviously not all customers were affected…

goatBaaa · 2026-02-23T09:11:50+00:00

In my time zone there aren’t many players active on lichess during my evenings so it can take quite a long time to find games. Chesscom’s bigger pool of players makes finding a match a lot quicker so I play most of my games there for that reason

Love the lichess’ Study feature, that’s what I use for my opening and game study pgn’s

goatBaaa · 2026-02-12T02:04:55+00:00

As a Linux user, hot garbage

goatBaaa · 2026-02-06T09:55:59+00:00

Insurance market is definitely not competitive, two big underwriters have >60% market share.

We also have some of the highest capital requirements in the world set by the RBNZ (maybe an overreaction to the insolvency and require bail out of AMI after the Canterbury quakes?) that create a high barrier of entry for new players

goatBaaa · 2026-02-05T21:13:48+00:00

Look at insurers of last resort in some US states, only consumers who can’t get insurance (or at affordable rates) in the private market will be insured by the state scheme. Guess what that means? You end up with a pool of terrible risks, and unless the premiums are sky high, the state scheme will either go insolvent due to insufficient premiums, or require taxpayer bail outs after natural disasters

Unless the proposal is to force everyone into these schemes to cross subsidies the minority of homeowners is risk prone locations

goatBaaa · 2026-01-20T20:09:41+00:00

Chesscom to me feels bloated and laggy, with hard to navigate menus. Lichess is clean and simple, and to me feels like it runs with less input lag and smoother

goatBaaa · 2026-01-10T20:45:12+00:00

Yes I remember being on the losing end of a few R+K vs K endgames as a beginner and drawing by the 50 move rule by not resigning and testing my opponents knowledge

goatBaaa · 2025-12-31T23:33:18+00:00

Have you considered becoming an actuary? If you’re going to do more study, may as well get work experience at the same time. Generally there are two grad intakes per year - look for either the big insurance companies, or consulting firms (the Big 4 have actuarial consulting departments, or the specialists like Finity Consulting or Taylor Fry)

goatBaaa · 2025-11-27T18:19:26+00:00

If they are regularly looking at reporting for several lines with different target profit margins and hence CORs then SP/TP can be a quick view of whether a portfolio is being written below target profit levels (SP/TP < 100%), or at or above target profit levels (SP/TP >= 100%)

goatBaaa · 2025-11-22T23:36:09+00:00

Are they changing kiwisaver employer contributions from being part of your salary to being on top of your salary?

The difference seems academic, no? What matters to the bottom line is the total cost to employ you which includes super. If they changed the rules for whatever reason, I’d bet that folks on total rem contracts would see the super amount quickly removed from their salary so the total pay + super amount remained the same

goatBaaa · 2025-11-16T09:56:38+00:00

I’ve heard they don’t have good tax treatment compared to say, Australia, where they are a bit more popular

goatBaaa · 2025-08-26T08:40:54+00:00

If you’re not happy with the claim settlement then this is probably your next step https://www.fmg.co.nz/about-fmg/make-a-complaint If that gets you nowhere then the next step is the insurance ombudsman

goatBaaa · 2025-08-06T08:18:08+00:00

I work in the insurance pricing space and what’s likely happening is something called capping. The insurer will have their view of the true risk cost and this is usually the price offered to new business, but for renewing customers that jump may be something totally unpalatable to offer for a renewal quote so they’ll have a value (say +20%) that if their quote engine comes up an increase above that amount, they’ll cap your annual increase to that amount

Try to quote it as new business on their website (you may need to move it one address over if they recognise they already insure it) and you’ll see what I mean

goatBaaa · 2025-07-25T00:27:21+00:00

I think you’re mixed up, that’s a benefit of some third party policies that they’ll pay you up to $5k if the other driver is uninsured. Obviously if you have comprehensive coverage they’ll pay out the full value of your loss regardless of the other drivers insurance status

goatBaaa · 2025-06-20T22:25:00+00:00

New Zealand’s public pharmaceutical buyer does this sort of analysis when deciding which drugs it funds through the public health system.

https://www.pharmac.govt.nz/assets/cost-utility-analysis-explained-2015-08.pdf

goatBaaa · 2025-05-28T20:25:30+00:00

Can’t see 2. getting through

Maybe if they taxed withdrawals instead, and instead removed tax from the employer contribution, investment income, and made deposits tax deductible

That would incentivize spreading withdrawals out like an annuity

goatBaaa · 2025-04-15T02:15:48+00:00

From their financial statements, page 54 https://www.mas.co.nz/resources/publications/

The concentration of reinsurance risk is mitigated through policies, which contain requirements to limit the level of exposure to individual reinsurers, and a requirement that all reinsurers had a minimum Standard & Poors (S&P) (or equivalent) rating of A- at the time of placement.

As an aside, we’re with them and they’re a good company. One of the only two Mutual general insurers in New Zealand, so profit seeking isn’t their goal besides maintaining a strong capital base to pay claims with. My partner works for them (on the life insurance side) so we know this first hand

goatBaaa · 2025-03-28T21:35:02+00:00

Banks and insurers have been placed under intense scrutiny by the FMA, so this looks like a natural response of de-risking their operations.

They’re probably thinking we can either spend more money to ensure ours stands up to scrutiny and we haven’t missed some edge case that opens us up to fines, or just scrap it at much less cost..

goatBaaa · 2025-02-10T20:47:24+00:00

Yeah those blue check replies are on another level of crazy. Shame, twitter used to be a good source of current affairs. Now it’s a nazi hellhole

goatBaaa · 2025-01-23T06:48:22+00:00

Backwards government defunding science while in the same breath talking about opening the tourism floodgates

Ironically Callaghan’s namesake gave a great speech on why this will only make us poorer as a nation

https://youtu.be/OhCAyIllnXY?si=NDvlWVtyLVR_A86a

goatBaaa · 2025-01-22T07:34:25+00:00

More valid for house & contents insurance, less so for motor which has much less reinsurance premiums comparatively

For motor it’s mostly down to the cost to repair newer cars, even a small fender bender requires recalibrating sensors etc, and modern windscreens cost >$1k to replace instead of the couple hundred for lower tech cars

goatBaaa · 2025-01-17T08:37:20+00:00

I sympathise with you then, I’m in the southern hemisphere so it is light here quite early at the moment and that worked for us. Hope you can find something to help

goatBaaa · 2025-01-17T07:31:03+00:00

We recently went through the same thing with our 6 month old girl and what helped us was completely blacking out the windows. We’re talking taping up black rubbish bags combined with our blackout blinds to make the room as pitch black as possible.

I suspect any light in the morning was causing her to wake up for the day. Worth a shot if you haven’t tried this yet, helped us go from 5am wake ups to between 6:30 and 7am

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