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I like it when people naïvely believe the insurance companies' model of safety has anything to do with actual safety.
by rconti 2y ago
I like it when people naïvely believe the insurance companies' model of safety has anything to do with actual safety.
- bradleybuda 2y agoThe insurance companies are betting their margins on this. If they are wrong, they will fail in the marketplace.
- josephcsible 2y agoSince having insurance is mandatory, if they all charge too much, they won't fail.
- gruez 2y ago> if they all charge too much, they won't fail. What prevents one company from defecting and taking all the market share?
- bluGill 2y agoThey do not have a monopoly. There is plenty of room for a handful of companies charging too much to fail. there is also plenty of room for companies charging too little to fail.
- drawkward 2y agooh yes, please tell us about this imaginary perfect marketplace. where does it exist?
- s1artibartfast 2y agoa perfect one doesn't, but you would be just as crazy to think that no market place exists either. Insurance companies do in fact compete on rates.
- potato3732842 2y agoSafe for the company coffers, not for the public or the customer.