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I don't understand what caps or punitive damages have to do with it. Most venues don't have caps at all, and only rarely does an insurer get stuck paying for pu
by staticautomatic 11y ago
I don't understand what caps or punitive damages have to do with it. Most venues don't have caps at all, and only rarely does an insurer get stuck paying for punitive damages. In the real world these things have little effect on the amount of money insurance companies actually pay, so I don't see why they'd have much of any effect on underwriting.
- SilasX 11y ago>I don't understand what caps or punitive damages have to do with it. Most venues don't have caps at all, and only rarely does an insurer get stuck paying for punitive damages. Yeah, that's the problem; it means you can't insure away the problem, and each jury gets told to slap on a high enough penalty to ensure the SDC maker "never does it again", and you know how that goes. The problem isn't the insurer's solvency, but the SDC maker's. One venue that has caps, for similar reasons, is vaccines. Because vaccines are safe and necessary, we need a way to ensure vaccine makers exist and aren't sued to bankruptcy over the inevitable few deaths, so there's a special system for ensuring compensation of the victims, and makers can accurately set aside a known quantify of money for those deaths.