“There are only two things as complicated as insurance accounting and I have no idea what they are.”

— Andrew Tobias

Source: The Invisible Bankers, Everything The Insurance Industry Never Wanted You To Know (1982), Chapter 2, By Popular Demand: A very Short Chapter On Insurance Accounting, p. 26.

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "There are only two things as complicated as insurance accounting and I have no idea what they are." by Andrew Tobias?

Andrew Tobias 19

American journalist 1947

Related quotes

“I really have some luggage in my head. If only there were insurance companies for that as there are for so many things here, there's a bale I should insure at once.”

Edgar Degas (1834–1917) French artist

J'ai vraiment, un vrai bagage dans la tête. S'il y avait pour cela, comme il y a partout ici, des compagnies d'assurance, voilà un ballot je ferais assurer de suite.
Quote from a letter to James Tissot, (New Orleans, 1873), as cited in Marilyn Brown, Degas and the Business of Art: A Cotton Office in New Orleans (Penn State Press, 1994)
1855 - 1875

“In banking or insurance trust is the only thing you have to sell.”

Patrick Dixon book Futurewise

Futurewise (1998)

“Destiny gave me only two things: a few accounting books and the gift of dreaming.”

Fernando Pessoa book The Book of Disquiet

Ibid.
The Book of Disquiet
Original: Duas coisas só me deu o Destino: uns livros de contabilidade e o dom de sonhar.

“Think of the federal government as a gigantic insurance company (with a sideline business in national defense and homeland security), which does its accounting on a cash basis, only counting premiums and payouts as they go in and out the door. An insurance company with cash accounting... is an accident waiting to happen.”

Peter R. Fisher (1956) American treasury official

While under secretary of the U.S. Treasury in 2002; frequently short-handed as "an insurance company with an army." A Fiscal Train Wreck, Paul, Krugman, Paul Krugman, March 11, 2003, The New York Times http://www.nytimes.com/2003/03/11/opinion/a-fiscal-train-wreck.html,
How government is like insurance, June 28, 2011, Thomas F., Schaller, Baltimore Sun http://articles.baltimoresun.com/2011-06-28/news/bs-ed-schaller-20110628_1_unemployment-insurance-premiums-government-insurance,
Who First Said the US is 'An Insurance Company with an Army'?, Economist's View, Mark, Thoma, January 17, 2013 http://economistsview.typepad.com/economistsview/2013/01/who-first-said-the-us-is-an-insurance-company-with-an-army.html,

“Did it ever occur to you that there's no limit to how complicated things can get, on account of one thing always leading to another?”

E. B. White (1899–1985) American writer

"Quo Vadimus?" http://books.google.com/books?id=vvEvAAAAMAAJ&q=%22Did+it+ever+occur+to+you+that+there's+no+limit+to+how+complicated+things+can+get+on+account+of+one+thing+always+leading+to+another%22&pg=PA34#v=onepage, The Adelphi (January 1930)