3 ms·
> The article says the insurance companies have now closed the loopholes she exploited. When I read that sentence in the article I immediately thought they clo
by perfunctory 6y ago
> The article says the insurance companies have now closed the loopholes she exploited.
When I read that sentence in the article I immediately thought they closed it by optimising pricing or by challenging airlines. But no - as the next paragraph states - they closed it by adding a clause to the contract which basically forbids doing what this woman did. Go figure.
- notahacker 6y agoThis is considerably less consumer hostile response than the realistic 'price-optimisation' alternative of excluding the flights people are most likely to need insurance for from the insurance pool [though it sounds like they've given themselves very broad scope to deny claims]
- emerongi 6y agoThis is the only reasonable solution for them though. If you don't close it like this, you could end up spawning a whole market, and you're no longer selling a product (maybe not the most "optimized" product, but which still satisfies all parties), instead you're competing against this market of your own creation. Any sensible person would just add a clause to the terms.