Re:Driverless Cars Threaten to Crash Insurers’ Earnings
by jandrese on Tuesday July 26, 2016 @01:56PM
(#12167497)
Insurance is generally only criminal when you are talking about protection rackets[1]. If the thing you are buying insurance against is the person selling the insurance, then it is illegal.
There have been a handful of religious communities, like the Mennonites, that don't believe in commercial insurance, but they instead have a community that will step in and help when something happens to one of its members. So it's still a form of insurance, they just don't use money.
There have been a handful of religious communities, like the Mennonites, that don't believe in commercial insurance, but they instead have a community that will step in and help when something happens to one of its members. So it's still a form of insurance, they just don't use money.
[1] https://en.wikipedia.org/wiki/Protection_racket