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Work at insurance company and yesterday had a discusion about it. Conclussions : insurance companies are seeking profits. If it is possible to distinguish bad e
by jvln 8y ago
Work at insurance company and yesterday had a discusion about it. Conclussions : insurance companies are seeking profits. If it is possible to distinguish bad eggs from good ones they will.
The model you described must be regulated by government. Examples: health insurance (by state) and mandatory car inssurance (by every player on the market) in EU. Each inssurance company must insure every car for a fair price - fairness is regulated by the state.
- kgwgk 8y agoIn many European countries the state provides “health insurance” in the same sense that they provide “education insurance”: they provide a service paid with taxes. “Fairness” is difficult to define. For example, women paid less for auto insurance in many European countries until the EU decided that this was illegal discrimination.