Well, this is Current Yield, Grant's interest rate observer of the air, and I am Jim Grant.

And with you as always is Evan Lorenz, the great deputy editor of Grants.

And as per usual, Henry French is our sound engineer. And, uh, you know, Evan, is it true

that we have a podcast, uh, not concerning AI? Do such things still exist? I think there's been

some sort of clerical mistake. If it's not, uh, perhaps crypto then we have, is crypto the topic

today? I can trash talk Bitcoin if you want to.

No, no, no.

We have looking for something topical.

You say it's insurance, is it?

Yeah.

Did you know that auto insurance increased at 20.6% rate year over year in January,

according to the CPI report?

That's kind of an AI thing, isn't it?

It doesn't match Nvidia's price appreciation, but it ain't nothing.

Yeah, we used to annualize it.

No, no, it's multiple at times what, 100?

Anyway, we are privileged today, ladies and gentlemen, to have in our presence,

Steve Virgilly and Steve Shapiro.

And they are associated with a fine organization called New Vernon Wealth Management.

And they know all about insurance, which in fact is just as timely.

What do you say was timely?

Well, it wasn't Bitcoin or AI.

...