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Maya, You did not answer my inquiry. Why is giving extra money to charity MORE of a deterrent to fraudulent claims than giving extra money back to the consume
by sharkmerry 10y ago
Maya,
You did not answer my inquiry.
Why is giving extra money to charity MORE of a deterrent to fraudulent claims than giving extra money back to the consumer?
- maya_lemonade 10y agoHey, It's not necessarily more a deterrent than giving cash back. 1. we are not yet legally allowed to give money back to our users (but we're working on it) 2. some behavioral economic theories actually suggest that cash is less an incentive than other more altruistic incentives. Once our give back to consumers will be active- I'll guess we'll be able to put our theories to the test- hope this answers your question
- sharkmerry 10y agoHi Maya, Mutual insurance companies exist in New York. Are you not legally allowed to give money back solely because you decided to incorporate as a benefit corporation?