That's not including the cost of attending events or cost of getting to and from Indianapolis. And it's incredibly conservative. It doesn't take into consideration the premium on hotel rates and the additional fans who came without a ticket.

Bob Schultz

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If you put a conservative in as insurance commissioner, I have no idea what he might do. You're having policy wonks, good-government types, meeting head on with movement conservatives. In politics, success breeds more interest.

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Anything with a conservative payback in three years is good business.

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I think what attracted hedge funds (to the reinsurance business) was that these are random events that don't correlate to bond markets and stocks, and you get certainty pretty quickly. You either have the loss or you don't.