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Wouldn't your premium just be based on the density of your hives? Insurance insures your individual risk. If you increase your risk, you pay more for it.
by mminer237 2y ago
Wouldn't your premium just be based on the density of your hives? Insurance insures your individual risk. If you increase your risk, you pay more for it.
- sp332 2y agoYes, and coverage or discounts could be predicated on risk-reducing precautions.
- __MatrixMan__ 2y agoDoes that work? Companies get fined for bad behavior all the time and they rarely change that behavior. It would seem that once we enter a one dimensional incentive space dictated by money we just forget about the reason behind those incentives and instead try to hack around our new limitations.
- __MatrixMan__ 2y agoThe way these pathogens work is that once the environment is sufficiently dense with their spores there is no stopping them. There are certain continents where you just can't grow bananas for this reason. That's why they're burning the bees with the equipment, to prevent it from spreading. So what's to stop your neighbor from paying the high premiums, getting infected, and then a wayward bee carries the infection to your uninsured hives? As much as it would be nice to protect the bottom line for each farmer, it's far more important to protect the environment's compatibility with bees, and thats not a game that insurance is set up to play.