4 ms·
Um, insurance companies aren't going to care how expensive the thing being insured against is. Their individual customers might, but the basic idea of insurance
by tbrownaw 5y ago
Um, insurance companies aren't going to care how expensive the thing being insured against is. Their individual customers might, but the basic idea of insurance is more about averaging costs out to be more predictable. They shouldn't have any exposure to general price levels, just to how variable things are.