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3. I would love to sell you that insurance policy.
by shasta 11y ago
3. I would love to sell you that insurance policy.
- philippnagel 11y agoDoes such an insurance policy exist already?
- sangnoir 11y ago> Does such an insurance policy exist already? Not to my knowledge. I believe parent is being sarcastic. If an impact event occurs: a) claimant might be too dead to make the claim or b) markets would probably collapse, making the payout worthless. So there is very little point in buying that kind of cover, the only party with an upside is the insurer - hence parent volunteering.
- dankohn1 11y agoUSD-denominated Credit Default Swaps on US Treasuries (which were a thing in 2008) fall in this category. Any scenario bad enough for the swaps to be redeemable is one in which you are unlikely to be able to redeem them. http://www.bloombergview.com/articles/2013-09-26/why-would-anyone-buy-credit-default-swaps-on-the-u-s- http://www.bloombergview.com/articles/2013-09-26/why-would-a...
- cmsmith 11y agoI'm also offering USD denominated insurance against the United States descending into anarchy.