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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 GoblinSlayer on Monday June 15, 2020 @11:57AM (#23528793)
What is the point of such correct price? To resist criminals?
[ Parent | on HN ]
Re:Woman makes $420k by buying insurance on flights she pred... by ashtonkem on Tuesday June 16, 2020 @01:31AM (#23536205)
You would also want to price the contracts effectively to improve margins. If certain routes are liable to be delayed more often, you will want to charge a higher premium for them or refuse to insure them. This would both reduce the risk of abuse, and increase profits.
[ Parent | on HN ]
Re:Woman makes $420k by buying insurance on flights she pred... by recursive on Monday June 15, 2020 @12:31PM (#23529223)
That's just one benefit. The main one is to run a sustainable business.
[ Parent | on HN ]