3 ms·
That's an interesting analysis. Isn't that same as burning down one's house to get insurance payout? In this case, burn down a 3rd party's house or entice the
by ww520 9y ago
That's an interesting analysis. Isn't that same as burning down one's house to get insurance payout? In this case, burn down a 3rd party's house or entice the 3rd party to burn down their own house.
- josu 9y agoYes, that's exactly why you can't insure a 3rd party's house or life.
- klipt 9y agoI guess insurance is more regulated. But maybe you can get a CDS on someone's house burning down?
- kchoudhu 9y agoMortgage default swaps (and other asset backed default swaps) are exactly this.
- jessaustin 9y agoAll life insurance is in a sense third-party?
- deleted 9y ago[deleted]
- leonroy 9y agoEmployer's can take out life insurance on an employee (provided consent is given). Wondering if there are exceptions to this rule?
- Kalium 9y agoI think it's about not creating adverse interests. Generally, a company is much more interested in a living employee than they are the payout from one dying.