9 ms·
Insurance is a racket everywhere apparently.
by bserge 5y ago
Insurance is a racket everywhere apparently.
- salawat 5y agoIt's supposed to be a capital allocation optimizer and risk mitigator. Unfortunately, without hard limits on things, it degenerates to financial control mechanism formost people.
- Aerroon 5y agoI don't see why most common types of insurance aren't offered by governments. The government has the largest pool of cash and it's not like insurance has much room for innovation. Most types of innovation in insurance is about figuring out ways to not pay out insurance claims. Ie 'innovation' by an insurance company means a worse product for the customers.