3 ms·
For such a long article it's (IMHO) a fairly naive view. Sure insurance companies make some profit, specially in the beginning but, eventually, the price gets h
by mianos 5y ago
For such a long article it's (IMHO) a fairly naive view. Sure insurance companies make some profit, specially in the beginning but, eventually, the price gets higher and higher and the cost to secure becomes less than the cost of insurance.
We had a similar issue with builder's insurance down here in Australia. It's was (and still is) cheaper to get insurance than build a quality building. Eventually that caught up with the builders (and they moved to using a seperate corporate entity for each building and closing it after the building is built, but that's another story of corruption).
- cutemonster 5y ago> a seperate corporate entity for each building Hmm, so if buying a house, it can be good to first find out if this house is the only one the construction company has built > insurance companies make some profit, specially in the beginning I've gotten the impression that CEOs often don't plan much longer than any bonus program periods? And, later when getting too expensive, can't they just then start telling the companies to use their backups instead.