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My favourite article on Insurance is one by the BBC[1], which questions what makes gambling wrong but insurance right? It also points out how it's history is st

My favourite article on Insurance is one by the BBC[1], which questions what makes gambling wrong but insurance right? It also points out how it's history is steeped in shipowners and traders meet in shipping agency Lloyd's of London's coffeehouse in 1863. 1. http://www.bbc.co.uk/news/business-38905963 http://www.bbc.co.uk/news/business-38905963

Mz 9y ago
Good piece. I often liken insurance to gambling.
plafl 9y ago
In insurance you would rather not win the bet: https://en.wikipedia.org/wiki/Insurable_interest https://en.wikipedia.org/wiki/Insurable_interest