To protect their homes from floods and fires, the ancient Egyptians made sacrifices and offerings to deities like Hapi (god of the Nile)[1] and Bastet[2] But t

To protect their homes from floods and fires, the ancient Egyptians made sacrifices and offerings to deities like Hapi (god of the Nile)[1] and Bastet[2] But this naive actuarial model with a 100% deductible is obviously far less sophisticated than modern insurance ;) —- 1. https://en.wikipedia.org/wiki/Hapi_(Nile_god) https://en.wikipedia.org/wiki/Hapi_(Nile_god) 2. https://en.wikipedia.org/wiki/Bastet https://en.wikipedia.org/wiki/Bastet