Re:Woman makes $420k by buying insurance on flights she pred...
by Kalium on Monday June 15, 2020 @10:56AM
(#23527951)
> Insurance is NOT a financial instrument. Insurance is supposed to be a safety mechanism that protects you if something bad happens.
Insurance is fundamentally a financial construct designed to manage risk. And if it's priced too low, it cannot function as a safety mechanism. Funds will be exhausted, and nobody will get their safety.
Where you see kindness, I see financial malfeasance of the sort that undermines the very goal of the thing.
Insurance is fundamentally a financial construct designed to manage risk. And if it's priced too low, it cannot function as a safety mechanism. Funds will be exhausted, and nobody will get their safety.
Where you see kindness, I see financial malfeasance of the sort that undermines the very goal of the thing.