Weirdly, both are kind of true. You should be pissed, but he is also right, he just shouldn’t have said it. Think of it this way, though, a supervisor usually makes more than the people they supervise even though by definition they often do less of the actual work. Same with management. Getting other people motivated (if he actually does do that) is worth something. On the other hand,if you’re really doing twice as much work, you may literally just be overworking or should find another job where that is actually useful.

That’s thinking of it way too much like an ideal one for one transaction. Insurance companies don’t based their profits on how much the stuff costs to replace directly, they make money based on the cost of payouts compared to premiums. If they can get enough clients to pay the premiums, they could pay 10x costs and it would make exactly 0 difference to their bottom lines.

It’s actually the reverse in many situations, insurance exists to help recoup costs in an emergency and if you have a policy that doesn’t pay enough to recover from a loss then you are underinsured, and the only way to ensure that is to buy a policy where you’re at least slightly over insured. That’s why homeowners insurance is based on replacement cost, not on the cost when you bought it.

Business insurance admittedly is different, but to be fully covered, you are also getting replacement costs for things like stale product, depreciated equipment (which depreciates differently for insurance purposes than for taxes and accounting) and things like building and infrastructure which are at replacement costs vs purchased prices.

Basically insurance companies are less concerned with having to make absolutely sure everyone gets as screwed as possible on every individual payout, than they are making sure they’re collecting premiums much faster than they are having to payout at all. Writing every policy so that no one ‘ends up with a plus’ is far less profitable than making sure they are selling policies that are useful. Of course they also want to pay out as little as possible, but that is not nearly as attainable as calculating the likelihood of risks and raising rates whenever possible.

Likely, but self insurance is a thing for a reason, if it was cheaper to insure than self insured they’d probably do that, but they have that risk wether it was arson or an accident and if one warehouse would actually hurt them, they wouldn’t be self insuring.

Any way you look at it, unless it hits them enough that they have to be concerned about the price of champagne they’re filling their swimming pools with, ‘one’ incident isn’t going to make them rethink their whole salary structure. At this rate it’s shifting from one budget line item to another, and they’ll probably just take it as an opportunity to invest in two warehouse to replace the one that went up.

They’ll miss it on some things for sure, but if there were sunk costs or put performing products, that money can be reinvested in better performing items. I’m sure I’m an active, perfectly running warehouse, having to replace every item just with an at cost payout would be annoying, but there’s also the possibility that the payout gets them out from under old stock they would otherwise have lost even their costs on.

Yes, but relatively often you can get underwater on the cost of stuff that is sitting there no longer making you money. If half your warehouse is full of stuff that isn’t moving or is outdated product, then recovering even the cost of making it can be a windfall. The amount of stuff a company has to write off, dispose of or clearance for pennies can make an insurance payout a win.

Things don’t always depreciate at their started number on paper, especially when using certain completely valid forms of accounting. Not saying this is certainly what is happening at an active warehouse, but there’s a whole lot more to it than thinking everything sitting there was absolutely going to sell at a good profit. Equipment and structures, for instance, often pay out at replacement value which can easily be more than you’d get for them at disposal rates.

Frank Zappa and Christopher Hitchens. Maybe not personally, but i really feel like there are some losses that the world doesn’t realize.

Sounds like you’re more familiar with the industry than i am, but my understanding is that insurance policies are written based on what you want to cover and the value is reflected in the premiums. Companies often have an assumed product, returns and stale inventory loss calculated in. Possibly just recuping costs for ‘all’ inventory could be a plus for the bottom line, especially if there were anything like a rider for opportunity costs. The building itself could have been out of step on depreciation and now moved up with a more modern facility in planning.

May not be the same situation but plenty of business owners have considered it a windfall having insurance pay out on replacement costs for things they you weren’t utilizing and an opportunity to put up a bigger shop and roll the payouts into more modern supplies and equipment rather than gathering dust on sunk cost stuff they never would have gotten their money out of otherwise.

Funny, if they weren’t already planning that, seems like an awfully knee jerk reaction based on a single incident.

Maybe, or maybe sales have been shitty and instead of product sitting on the shelves this let’s them write stuff off and pocket cost of materials.

Just saying there’s more to it than what it would mean to you or i if we had all our eggs in one basket and had to count on an insurance payout to keep above water. It’s likely not a windfall for them, but i wouldn’t be surprised if one warehouse fire is much more than a line item in a meeting or two, or even good news for some department or other if they were overextended in stock or something. A second or third big loss like that, though, would probably be required before anyone important is motivated towards any kind of inspection based on the bottom line though.

Certainly could be, and doubtful that they are fully insured against all contingencies… Possible they are underinsured against for intentionally, since they could conceivable think it’s low enough risk that it’s cheaper to allow a loss even as big as this to fall under operating losses for rare or occasional incidents like this.

Once a company is big enough even subjectively huge losses are simply a calculated risk. Do you pay a million dollars a year for 10 years to subsidize something that might cost 10 million dollars that only happens every 20 years, or do you bank on it not happening and write it off as a bad quarter if it happens?

Way more goes into those calculations than one might think, and if they’re self insured there’s just a budget item that takes a hit for this and someone gets chewed out it fired for being the one that gambled this way… While someone else loses a promotion if they signed off the other direction and paid for a million dollar policy they didn’t need.

Oh, for sure that’s part of the problem, they definitely have their own issues, but they are more like a layer. Insurance itself isn’t a bad thing, but like basically ever industry they suffer from greed and loopholes too.

We’ll there are lots of kinds of insurance, a manufacturing and distribution company isn’t going to have the same insurance you buy as a homeowner. I would expect they are covered for whatever they calculated into their cost/risk contract?

That said, i maybe know enough to know most of what i don’t know, but far from inside into on the topic.

Deathstalker. OMG. This can’t be the series you’re talking about, but my god were those books a series of neverending escalations with the exact same resolution every single time. If you want to know how many times a hero can get into an impossible situation and get out of it by simply overcoming the impossible situation be becoming impossibly stronger, which is something apparently any other character is also potentially capable of if they are given the right drugs, that is the series for you.

Unfortunately, unlike you, i was determined to ride it out through spite instead of self respect.

Are rom-coms really a good test market? Seems like the target audience for those are pretty used to a formula, so trying to do something ‘different’ seems pretty risky for such a bland/specific title. You, Me and Tuscany seems like it’s a little on the unrelatable side even for a romance.

Except with insurance they probably made money. The trick is for it to happen often enough that insurance gets too expensive.

How horrible that people have to support a platform just to cross check on the blathering of a dementia patient.

Not to mock dementia patients at all, it is a horrible thing to have to go through, but literally the same thing one might have to do to keep track of an elderly relative to make sure they aren’t signing over the title to their house or sending their monthly income to Nigeria.

Unfortunately it can only be resurrected in the same way Jesus was. Someone has to hallucinate seeing a positive balance and then over the next few millenia several million people have to just take his word for it.

May be worth recommending that he starts of by claiming that a few hundred other people also saw it, but not mention their names or anything about how they saw it. Also best to wait a couple decades before writing any of it down.

I literally broke an accidental streak of not logging into x for like a year to make sure the last three ‘screenshots’ of trump weren’t real, including this one. Seriously though, was the ‘praise Allah’ one real or not? I honestly can’t tell for sure if it’s satire or just something one of his handlers deleted.

Also, all real assumptions are invisible. The more things you realize were assumptions but are actually questions worth asking the better you actually are at that job or, if not better, the more experienced.

Probably truth in that, but also possible the question was phrased in a way where the managers weren’t prioritizing the things that could lead to firing, but things they were most likely to die someone for, and theft certainly isn’t as common as or attendance.

Personally i always put a person’s attitude above being on time. Someone who regularly showed up late but was willing to help others who were struggling is better, in my opinion, than someone who was on time everyday but was just watching the clock. That said, it definitely depends on the job. If someone else is waiting for you to get there before they can leave, you are definitely on the block if you’re constantly that guy.