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Why aren’t insurance companies required to operate like market makers in the equities markets, where they’re free to choose the price they’re offering, but mus
by halfcat 3y ago
Why aren’t insurance companies required to operate like market makers in the equities markets, where they’re free to choose the price they’re offering, but must offer a price in the market they’re in?
If the roof needs replacing (in the insurance company’s view) then charge whatever the rate is that covers that and still makes them a profit. Don’t just deny coverage.
- overstay8930 3y agoThey will just charge the customer the price of a new roof, there’s no point in what you’re asking for.
- rybosworld 3y agoIf you ever look at the options chain on a thinly traded equity, you'll notice small volume and very large bid/ask spreads. Sometimes the bid/ask spread is so large that it looks like a computer glitch. The primary insurance market is even more illiquid than thinly traded options.