Sure but mutual insurance requires a large uncorrelated pool. If those guys don’t like me I’ll have to find those who do (who will be half more risky than me an

Sure but mutual insurance requires a large uncorrelated pool. If those guys don’t like me I’ll have to find those who do (who will be half more risky than me and half less, but I can always take higher risk and insure with the more risky guys) and if I can’t, I’m just too risky and I’ll have to self insure.