2006: The Need for Ethics in the Insurance Industry
„The Secular Sourcere entering the Age of Reformation“
Speech by Michael Breisky at the Conference of Industrial Insurance Brokers, April 2006, Pottstown, PA
Ladies and Gentlemen!
It is a great honor and pleasure for me to address this distinguished gathering on the issue of ethics – no one among my childhood pals or peers in school and career would have believed I could ever catch anybody’s attention on this subject. I have, therefore, proved that it is never too late to become familiar with ethics.
It is a difficult subject. My brother-in-law brought it to the point when he told me about a seven-year-old asking his father about the essence of ethics. The father, who was an antiques-dealer in London’s Portobello Road, answered like this: Imagine a sweet old lady, obviously not too well off, approaching our stand and paying ten pounds for a teapot. As you want to pocket the money, you notice that a second ten-pounds bill is sticking to the ten-pounds bill she had given to you. Now the question of ethics arises: Will you share this lucky ten pounds with your partner? As you will see, ethics in the insurance business runs a lot like this. (more…)