4 ms·
Agreed, but I imagine the only setback is for the insurance company.
by beeskneecaps 2y ago
Agreed, but I imagine the only setback is for the insurance company.
- lotsofpulp 2y agoAn insurance company spreads losses, it does not make them disappear. From a country’s economic point of view, the destruction of an economically productive thing is just as much of a loss, regardless of whether a single business and group of investors/shareholders experiences it, or if it is spread amongst various insurers, and hence their insureds via increased premiums in the future.