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A comment on Woman makes $420k by buying insurance on flights she predicted would get delayed. Parent comment

Re:Woman makes $420k by buying insurance on flights she pred... by jiveturkey on Monday June 15, 2020 @10:40AM (#23527804)
> Buying insurance on something you already know is going to happen or not is fraud, plain and simple.

what's the statute, or regulation, please. i'm not aware of that.

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Re:Woman makes $420k by buying insurance on flights she pred... by drdec on Monday June 15, 2020 @10:49AM (#23527889)
We'd better all cancel our life insurance in that case.
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Re:Woman makes $420k by buying insurance on flights she pred... by jandrese on Monday June 15, 2020 @10:46AM (#23527860)
Isn't that the definition of insurance fraud?
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Re:Woman makes $420k by buying insurance on flights she pred... by freeone3000 on Monday June 15, 2020 @10:56AM (#23527952)
No, that would require making false statements or false assurances, neglecting to disclose information when asked, or stating something happened when it didn't. Buying flood insurance when you know it's going to rain isn't fraud.
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Re:Woman makes $420k by buying insurance on flights she pred... by gdhbcc on Monday June 15, 2020 @01:20PM (#23530019)
No, you're not making a false claim (the flights did get delayed) nor did you cause the claim in the first place (you didn't cause the delay to the flight).

I fail to see how this is in any way fraudulent.

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