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A comment on Insurance Company Says NotPetya Is an “Act of War”, Refuses to Pay. Parent comment

Re:Insurance Company Says NotPetya Is an “Act of War”, Refus... by jaggederest on Saturday February 02, 2019 @03:54PM (#19065651)
Actually most insurance companies pay out more money in losses than they take in via premiums.

The real business models for insurance companies isn't underwriting profits, it's arbitraging the time value of money (pay premiums now, pay claims later) via investing the float.

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Re:Insurance Company Says NotPetya Is an “Act of War”, Refus... by a1369209993 on Saturday February 02, 2019 @05:28PM (#19066188)
That's not more money though; that's less money exchanged into a weaker (more inflated) currency. Four pounds isn't more than three kilograms just because the number is larger.
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Re:Insurance Company Says NotPetya Is an “Act of War”, Refus... by nradov on Sunday February 03, 2019 @08:46AM (#19069512)
That might have been true at some point in history but is no longer possible in a ZIRP environment.
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