It just so happens that my insurance carrier emailed the other day to ask about renewing my policy (it's that time of year). I explained that I probably wouldn't be flying it and would probably let the policy lapse. The countered with an offer of "storage only" or "ground" coverage, which means that they'd still insure it for non-flight related damage.

Now gliders are kind of expensive to insure in the first place. The annual insurance bill is roughly the same as it is for our Cessna 182Q (which is worth twice as much as my glider). So I was looking forward to paying a lot less.

Wrong!

It turns out that moving to storage only coverage still costs roughly 67% (2/3rds) of what the full flight coverage is. I'm still trying to process that figure. That's like State Farm Insurance telling me that if I agree to keep my car in the garage for a year, they'll give me a 33% discount.

Apparently, (1) there is a lot of overhead in the insurance industry, and (2) they think I'm far more likely to encounter non-flying damage.

And, the best part is this... If I were to cancel coverage all together for the year, I'd have higher rates when I come back next year because of discounts I've accrued with them. "If you let this policy go and then come back later, the new policy offered will be about 15% higher in cost just due to the loss of those discounts." Strangely, I thought those discounts were the result of earning additional ratings (like my Commercial) and gaining experience and flight time.

It's no surprise that the first four letters of the insurance company most glider pilots use are "Cost", huh?

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It seems to me that Obama and his administration have their hands more than full working on the economic problems we're facing along with rebuilding some of our important international relationships. I'm as much of a technology geek as the next guy, but it really won't bother me if the punt on the whole CTO thing for a few months while some of the bigger fish are fried.

I can't say quite why, but this call for immediate action on a CTO feels like a bit of headline grabbing and irresponsibility at the same time. Sure, they could come out and name a CTO tomorrow and I'd applaud the move. But I really hope they're keeping their priorities in check. Part of being a good leader is deciding what can wait and what cannot. Appointing a CTO can wait. Fixing our economy cannot.

Update: It looks like Kara has jumped on this too.

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• Work on something that matters to you more than money.
• Create more value than you capture.
• Take the long view.

A number of folks where surprised when I announced that I was joining craigslist back in July but it's an organization that I really admire. Having been there about 6 months now, I can definitely say that it's a job that matters based on Tim's thinking and my own.

Every time I meet someone and tell them where I work, their reaction is quite positive. They've had a good experience with craigslist, like the service, love the philosophy, and so on. Craigslist matters ordinary people--not just technology nuts.

Similarly, I know that we create more value than we capture. The majority of our service is free and usage seems to be growing all the time. People I talk to get such good responses with craigslist classifieds (compared to, say, newspapers) that I know we're giving people more than their money's worth.

As for taking the long view, I think being a non-public company helps that a lot. I've rarely thought about what "the next quarter" will bring. It's quite a contrast from my years at Yahoo. When we're discussing technology infrastructure, I'm always trying to think ahead a year or two (or more). But the day to day ups and downs just don't feel as important the way we operate. I like that.

All in all, I've been very happy with the change and am glad that Tim posted something that helped me to explain what I like about it.

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