Another easy counterfactual is an insurance company's public financial disclosures where the payouts > collected premiums.[0] Not sure I'd argue there was a mor

Another easy counterfactual is an insurance company's public financial disclosures where the payouts > collected premiums.[0] Not sure I'd argue there was a moral information hazard, but, in retrospect, it's favorable risk transfer per $ for the insured. [0] https://www.reuters.com/business/life-insurers-adapt-pandemic-risk-models-after-claims-jump-2022-01-13/ https://www.reuters.com/business/life-insurers-adapt-pandemi...