Governor, I need you to help me

As Zhou Ming said this, everyone in the office was shocked. Governor Edward's entourage was surprised by Zhou Ming's rudeness and presumptuousness, while Omar was surprised why Zhou Ming, who was usually very sensible, would say such words. This was completely a tone of a superior commanding his subordinates. If Governor Edward had a bigger temper, he would even get up and leave.

Could it be that Mr. Zhou Ming was too anxious and was messing with his own situation?

Under such an idea, Omar immediately came forward to help Zhou Ming explain: Uncle Edward, my friend is just the first time he has seen you, so he is a little nervous, so he will speak a little understandardly.

However, Edward ignored Omar's explanation and just stared at Zhou Ming and asked: You said you learned the news from Omar that I was coming here. After you waited for me here, you didn't want to chat with me. You just need me to do you a favor. You don't think that the problem of your words like this is very big, and most importantly, why do you think I will help you

Because my question is very important. Zhou Ming said.

Edward smiled: I understand that everyone will say that their problems are very important, just like children always think that their toys are the most important in the world. But Chinese people, do you know that Massachusetts is the center of New England, and many things happen every day here, and each one may be very important. Why do you say that your problems are very important?

Because my problem will affect the economic situation in Brighton and even Massachusetts. Zhou Ming said.

With Zhou Ming's words, Edward's entourage was stunned at first, and then laughed. Even Edward shook his head helplessly. Omar looked at Zhou Ming very worriedly. However, Zhou Ming still remained calm about this: I know that if I say this to Mr. Governor, you will think I am very naive. You might as well listen to my next words.

Edward shrugged meaninglessly, as if he thought it was very interesting, so he made a gesture to Zhou Ming.

Seeing this gesture, Zhou Ming secretly breathed a sigh of relief and said: First of all, I think I need to introduce myself. My name is Zhou Ming, and I am now the chairman of Wharton Insurance Company, but it will not be the case soon, because my Wharton Insurance Company has been frozen by the Justice Bureau. At this time, at the same time, there was a collective food poisoning in Councillor Brooke's processing plant, and I need to pay the medical insurance claim.

So you can't get it out now, I hope I can use state financial means to help you pay the claim and help Walton Insurance Company overcome this difficulty, right? Edward took over Zhou Ming's words and asked.

Zhou Ming nodded and said yes, Edward said: This is Brighton. Do you know how many insurance companies there are in Brighton alone? There are more than thirty people who can name them, and there are countless small insurance companies that cannot name them. Do you think that if every insurance company cannot pay the claim, I have to use financial means, and then the state finance will go bankrupt in less than a day.

Of course I understand, but I am not the same as other insurance companies. Zhou Ming said.

Edward frowned and said angrily: Because you are Omar's friend and you also help Omar get involved in politics, I will answer you, so please pay attention to your words.

Obviously Edward said this as a warning, but Zhou Ming still said ignorantly: Mr. Governor, my Wharton Insurance Company has launched a new type of financial insurance this year. Although the terms are complicated, simply put, it is the policyholder who bought an insurance from me. If no claims are generated during the insurance period, the principal can be refunded after the insurance expires, and there will be additional stable interest income.

Mr. Zhou Ming, I am not interested in knowing any insurance. Today is also the time when I talk to Omar. If you continue to talk about boring things here, Edward, who will invite you out, warns me.

Zhou Ming continued: 52,000 of this kind of financial insurance have been released so far, and the amount of insurance has exceeded 70 million US dollars. The total amount of insurance claims in all theoretically has exceeded 20 billion US dollars. The interest to be paid in five years alone will exceed 40 million US dollars, and the principal will be 110 million US dollars.

As Zhou Ming's last word pronunciation fell, the office suddenly became silent. Everyone took a breath of air. Even Edward's hand stopped in the air. Originally, he wanted to drive Zhou Ming out, but now he couldn't say anything.

Even if you are just an ordinary person, when you hear the two figures of $70 million insured amount and the theoretical claim amount of $20 billion in US dollars, you will unconsciously take a breath. In a country like the United States with highly developed financial resources, no matter who you are, you must understand some economic principles, not to mention that the people in this office are highly educated, and at least they have obtained a bachelor's degree. They can all understand what a terrible thing this is.

If it is an ordinary person, you may say that insurance is just an accident, isn’t it just an accident? Two billion US dollars is just the theoretical amount of claims. How could it be really realized?

But no one would want him to realize it, but as long as it is more than 10% of the amount, it is a big trouble, not to mention that after the insurance expires, there will be a 110 million principal and interest payment. This will be an extremely heavy burden for any insurance company.

Damn it, are you, a Chinese, crazy to make money, how could you design such an insurance product, Edward scolded in anger.

Edward couldn't help but be furious, because according to what he had just heard, the insurance product designed by Zhou Ming was simply an irregular financial bomb. Although it would not become a financial crisis, it would definitely cause great setbacks. More importantly, insurance companies are not allowed to go bankrupt, and no one will take over such insurance companies that are clearly losing money, so the state government can only use financial subsidies and then auction and reorganize.

Both sides of the state finances have to pay for it. Edward is a newly elected governor and is preparing to show his ambitions. Now Zhou Ming suddenly threw such a financial bomb. How could he not make him anxious to jump?

Governor Edward jumped angrily, but Zhou Ming relaxed and leaned on the sofa: Mr. Governor thinks this insurance product is not good, but in my opinion, it is very likely to become the future development trend of insurance. The reason is very simple, it is people's profit-seeking mentality. Just imagine spending the same money, on one hand, you can only buy an insurance, and on the other hand, you can buy an insurance and participate in investment. Which one is more attractive? I think the answer is unquestionable.

But at this time, a product that destroys the balance of insurance Edward said, it is right for people to pursue profits, and people will choose financial insurance like you, but this insurance itself has huge safety hazards, and the insurance costs to bear are too high.

Mr. Governor, what you are talking about is just the general situation, but since a long time since insurance companies have become very important investment status in the capital field. Zhou Ming said that our Wharton Insurance Company has received only 70 million US dollars in insurance, but my Wharton Insurance Company has now exceeded 100 million yuan in funds on the books.

Edward said meaningfully: Are these the result of your investment?

Mr. Governor, you should say that it is the result of the joint efforts of my businessmen and my company. Zhou Ming emphasized that he then said, Mr. Governor, you always emphasize reforms in your daily speeches and interviews. Then insurance products like me are actually an important reform to the insurance industry and even the entire capital field.

First of all, the development of this kind of insurance product will directly push insurance companies into the capital market, change the conservative trend of insurance companies in the past, and compete with fund companies and securities companies for the cake of the financial market. In this way, small insurance companies with poor strength or lack of innovative spirit will be eliminated, and a major reshuffle in the insurance industry will be completed.

Zhou Ming continued: Since the law does not allow insurance companies to go bankrupt, the entire insurance industry will become more and more standardized in the process of continuous mergers and reorganizations of insurance companies. This is also very helpful for your medical reform, Mr. Governor, because it will help you clear away the many and complicated obstacles of insurance companies in the past.

Speaking of this, Zhou Ming paused for a moment and said: It is precisely this reason, so Mr. Governor, if you help me this time, it is equivalent to helping yourself.

If Zhou Ming's previous words only made Edward feel a little interesting, then Zhou Ming's last words made his eyes lit up.

This is what you have thought about for a long time, or is it the Edward's question that he made up and told me on purpose today.

Zhou Ming replied with a smile: Mr. Governor, I don’t think your question is important, because no matter whether it is a long-awaited plan or a lyricist made up, it will not affect his role, right?

That's true. Edward said, then now you can talk about your business, how much compensation you need the state finance to pay for you

Seven million or eight million US dollars. Zhou Ming continued, however, the amount of the claim is actually not important, what is important is why there is this claim.

That's why Edward cooperated with the question.

Zhou Ming replied to him: It was because of the Councillor Brooke. He first reported to the Judicial Bureau that he frozen all the assets of Wharton Insurance Company, and then created a collective poisoning incident. His purpose was to destroy my insurance company and then he took over so that he could directly interrupt the innovation of the insurance company market. I had a strong premonition that this was a huge conspiracy against reform.

Edward also frowned: Senator Brooke, is that a member of the Adams family.

Zhou Ming followed Edward and said: Yes, Mr. Governor, the judge who rejected the insurance company's request to extend the investigation was called Will Adams.
Chapter completed!