3 ms·
What if someone gets killed because of some clear bug/error and the jury decides to award 100s of millions just for that single ? I’m not sure it’s trivial to i
by ywvcbk 2y ago
What if someone gets killed because of some clear bug/error and the jury decides to award 100s of millions just for that single ? I’m not sure it’s trivial to insurance companies to account for that sort of risk
- ndsipa_pomu 2y agoNot trivial, but that is exactly the kind of thing that successful insurance companies factor into their premiums, or specifically exclude those scenarios (e.g. not covering war zones for house insurance).
- kalenx 2y agoIt is trivial and they've done it for ages. It's called reinsurance. Basically (_very_ basically, there's more to it) the insurance company insures itself against large claims.
- ywvcbk 2y agoI’m not sure Boeing etc. could have insured any liability risk resulting from engineering/design flaws in their vehicles?