I just received a statement from my business insurance company. It starts with this gem:

To help your insurance keep pace with increasing costs, we have increased the amount of insurance… giving you better protection in case of either a partial or total loss to your property.

Looking over the policy, there have been absolutely no changes to the “amount of insurance”, which I assume means the coverage I have and the money I can recoup in the event of a catastrophe. So what they must have meant– silly me!– was they were only increasing the cost of my policy.

By 21%.

Nice. It’s hard to know which to dislike more: banks or insurance companies.