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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: Pancho Villa who wrote (661)	3/15/1998 11:21:00 AM
From: JM	Read Replies (1) \| Respond to of 4155

Perhaps, but it seems Buffet is describing the risk in investing in any insurance company, not only CNC. And it seems the risks he outlines are, and have been, inherent in the insurance industry all along. Loss costs are estimated, essentially giving the company carte blanch to either estimate these losses conservatively(high), or aggressively(low). Anyone have any insight as to CNC's cost for float, vs the market rates for money? From Buffet's comments it seems the investing public is left to the mercy of the insurance company's accountants and auditors. Personally, this makes me a bit uncomfortable. However the CNC track record has been stellar. The question remains as to whether or not it will continue. Thus far, I have bet that it will continue.