You're ignoring the fact that shell corporations used as liability shields are widespread. Look at all those abandoned oil wells that nobody will pay to clean

You're ignoring the fact that shell corporations used as liability shields are widespread. Look at all those abandoned oil wells that nobody will pay to clean up because the corporations that owned them don't exist anymore. Managers have assets, insurance companies have assets, shell corporations designed to shield other corporations and managers do not have any assets. > And that's assuming that actuarially the people who have made mistakes in the past are more likely to make them in the future. Moreso I'm assuming that the actual actuaries will be incentivized to assess this correctly when somebody actual has to pay when things go bad.