3 ms·

i seem to recall that a tap under 5mph is not considered an accident in many (most?) jurisdictions. in any case, that's what bumpers quite literally are for (te

i seem to recall that a tap under 5mph is not considered an accident in many (most?) jurisdictions. in any case, that's what bumpers quite literally are for (tested & certified for <5mph bumps), so the claim should be a warranty claim to their auto manufacturer, not an insurance claim. moreover, most (all?) insurance creates perverse incentives (see: healthcare) unless strictly and carefully defined (which is likely never, since the incentive is to rope in as many policyholders as possible).

arrosenberg 6y ago
> moreover, most (all?) insurance creates perverse incentives (see: healthcare) unless strictly and carefully defined (which is likely never, since the incentive is to rope in as many policyholders as possible). It can, but it really depends on how the system is structured. The problem today is more the financialization of insurance that is creating the perverse incentives. Since financiers can again use insurance pool deposits to fund other activities the incentive is to aggregate as much cash as possible (as you noted), rather than providing stable, reliable insurance.