Posted on 01/02/2022 6:15:39 AM PST by Texas Fossil
The head of OneAmerica insurance said the death rate is up a stunning 40% from pre-pandemic levels among working-age people.
“We are seeing, right now, the highest death rates we have seen in the history of this business – not just at OneAmerica,” the company’s CEO Scott Davison said during an online news conference this week. “The data is consistent across every player in that business.”
OneAmerica is a $100 billion insurance company that has had its headquarters in Indianapolis since 1877. The company has approximately 2,400 employees and sells life insurance, including group life insurance to employers in the state.
Davison said the increase in deaths represents “huge, huge numbers,” and that’s it’s not elderly people who are dying, but “primarily working-age people 18 to 64” who are the employees of companies that have group life insurance plans through OneAmerica.
“And what we saw just in third quarter, we’re seeing it continue into fourth quarter, is that death rates are up 40% over what they were pre-pandemic,” he said.
“Just to give you an idea of how bad that is, a three-sigma or a one-in-200-year catastrophe would be 10% increase over pre-pandemic,” he said. “So 40% is just unheard of.”
(Excerpt) Read more at justthenews.com ...
OK that is significant.
This is very true. The spectrum of people who will use drugs illegally is broad and varies. Some need no license of coaxing from anyone. Others need an opening that does not conflict with their sense of themselves. Some will only jump in when there is a perception of approval as you stated.
It’s almost impossible to deny a life insurance claim. What does the insurance company do — prove the insured is still alive?
I think vaccine injuries are wildly underreported.
I bet a lot of these deaths are vaccine related.
This can’t be part of the opiod death epidemic, because these deaths are from working people in corporate insurance group plans.
A lot of people say “I’m fine” after the vaccine, because they recovered after a few days. But were they really fine if it stealthily caused life changing health effects 5, 10, 20 years down the road?
Welcome to the worlds biggest medical experiment. There is no science on the long term effects at all.
— “But without a lot more information, it’s not really doing anything but getting folks worked up.”
Thanks for that pertinent observation. So much in the press is hysterical, on different sides of things, but hysterical.
As of today, the equation stands: ( 825,819 “U.S. Deaths” over two years / 331,002,651 U.S. population ) x 100 = 0.249%
About 25 one-hunredths of one percent, given the rule of thumb that about one percent of a population dies off each year. The hysteria far outweighs the “event.”
You are correct this time. The change we have seen already is incredible and much of it is long lasting. I figure that in addition to the actuaries in the basement there are many other statisticians that are also saying, “hole crap! look at this!”
Loaf from home is changing productivity but only in respect to the old established standard. Soon that standard will be gone and the measure will be against the new yard stick; a lesser measure I think.
There will be knock-on effects to collaboration, creativity and problem solving. How iron sharpens iron will change; I expect for the worse.
Our social standards will change, they have already with the type of communication media we use, the loaf from home will make that change more profound.
The loaf from home, work anywhere you want that has an internet connection has already spread the urban economy to rural areas. The nation is quickly becoming homogenized, if only economically where the haves are concerned. The locals are not yet participating in the locale based increase in apparent compensation.
I see the seed catalogs with much of their product already sold out. I can’t recall having seen much of that before. It is indicative of another new way of living. Some of it is back to the past of simpler?
We are in for more shocking change. The move may not be wholesale from urban to remarkably change rural life but it is already apparent and becoming more so. I was once happy that most would not make the effort to live outside the urban environment and was happy so many clustered there leaving areas of less dense population. That is changing. We are becoming Europe with a high population density everywhere and higher in urban areas. Only designated sanctuaries will remain unspoiled. The East Coast and much of California had already become this way, now the rest of the nation will follow.
“He died of a heart attack while he had Covid.”
Was he vaxxed? Sounds like a vax death.
“But “TEXAS FARM BUREAU” really sucks.”
Here in Florida I’m stuck with Florida Farm Bureau.
Renewal on h/o up $1000. So $2500 to $3500 in one year, no claims or losses.
Crooks.
With House and 20 acres here not one other company will even quote.
I have options, and am with Farmer’s Insurance now.
It is unknown if that is an improvement. The owner of the multi agency group sold out recently.
There was a time the the only confidence you had was with the agency. Now, that probably does not work either.
Shows how these times really are.
I bet a lot of these deaths are vaccine related.
Agree. All True.
You got it wrong as well:
40% MORE of their policy holders in that age group, not 40% of the age group.
“Loaf from home is changing productivity but only in respect to the old established standard. “
I can only base on this watching my wife work from home. She was working from home due to her cancer treatment in late 2019. Covid lockdowns brought everyone up to “her speed.”
I have been listening to calls daily as I do my daily “work” in the living room as she works from the kitchen.
The collaboration is very good. They worked across a region so perhaps they already had a good structure—but they exchange informtion and develop ideas pretty well. She is a writer and media person for a hospital—so there has been a lot of “how do we communicate this stuff” throughout the past two years.
What she has not missed are the hours lost on “drop in” time. Where you talk about everything except work. She says she saves hours every week without that. And...I used to work in her office, so I would come by for lunch a few times. Now our lunches are more fun. wink wink.
That said, based on what I did, I would find it maddening. I worked in senior management across a couple of areas (operations and telecomm). There were a lot of productive meetings where we would sit in a conference room and bounce ideas, battle over numbers, and talk sh@t about stuff to come to a solution to whatever problem we had.
I see her organization as more productive in their tasks. But I agree with you, they will see the impact in a lack of “new thinking”, “new processes”, and I cannot imagine trying to develop new capital expenditures. I would hate to be a sales person trying to sell a new feature to a telecom system or networking solution without some of that “looking at the white board at 7 PM” type of stuff going on.
But now I am but “two and twenty...” What the hell do I know?
Methinks he probably is more concerned with his payouts and how he was not ready for them...than he was the people.
click through to the article and read the whole thing, please.
Great reporting!!
I thought we were having a discussion. But I now find its a competition.
I was using small numbers because for a lot of people that’s easier to understand.
I apologize for my assumption. But if 36 is your birth year, you are old. I am sorry to confuse you. If its your age, I think you are strutting a little. If it was your high school football number...well, that’s just sad.
In any event, your grasp of the numbers is....yours. Have fun with it.
PHARMA has to create a disease, to keep patients, just get FDA to change the numbers, you now have a new disease and maybe 3-4 new drugs. All expensive. Never ask for a advertised drug, if doc suggest ask for cheaper alternative. READ: BUTCHERED BY HEALTHCARE by ROBERT YOHO, ret. Dr. It’s all a big CON JOB.
Some of us have seen this reaction to a data based unexpected change before. It appears as a big nail that sticks up in trend line that has been established over a long period of time. You see it and then rush to find out what it is; true or a data entry error. When you find out it is true it becomes critical to find out what it is to prevent further loss. Or, in rare occasions, find out how to repeat the unexpected gain.
You don’t have to be publicly traded for precedence of the bottom line to take first place. In my small company I seldom had financial surprises because I mostly understood all the levers to profit and monitored closely. I have also experienced the year-end review shocks which is why I compiled all year to accomplish the year-end review.
As posted to Vt. Lt., the changes of the last two years are significant and more profound than I expected. They are long lasting and many will become a new normal. The changes took place contemporary with the change in guard from Boomer to subsequent generations much skipping the X gang I think. There is no history to the new gang and not much experience. The slate is cleaned much like burning the library at Alexandria.
Normal is mostly based on experience, not history. New people, new experiences and a new normal just naturally falls into place. Interesting times continue and for us old guys now out of the game and what we behold will be curiouser and curiouser.
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