11–20 of 125 posts
Correct me if i'm wrong, but wasn't "insurance" a criminal activity a mere century ago? If so, why is it bad for it to disappear again? Can't read the full article, since wsj have a competently implemented "To Read the Full Story, Subscribe or Sign In" shield.
Why would they lower prices? The government mandates we MUST have insurance, so they know they've got a continued source of business. They'll simply increase profits. The average American has absolutely no way to correlate the amount they pay for insurance to what it costs the insurance company.
I'm curious if we could see a future where the car manufacturers provide insurance for their product, and you would buy a combined hardware/software/updates/insurance subscription package from a manufacturer. It seems like the inevitable conclusion of all the debate around who's ultimately responsible for the actions a self-driving car takes.
Correct me if i'm wrong, but wasn't "insurance" a criminal activity a mere century ago? If so, why is it bad for it to disappear again? Can't read the full article, since wsj have a competently implemented "To Read the Full Story, Subscribe or Sign In" shield.
Off the top of my head I can think of insurance products and the futures market.
But if you can find citations that will be very helpful for me!
Why would they lower prices? The government mandates we MUST have insurance, so they know they've got a continued source of business. They'll simply increase profits. The average American has absolutely no way to correlate the amount they pay for insurance to what it costs the insurance company.
Why would they lower prices? The government mandates we MUST have insurance, so they know they've got a continued source of business. They'll simply increase profits. The average American has absolutely no way to correlate the amount they pay for insurance to what it costs the insurance company.
I have a hard time reconciling these two sentences. In the first, you sound like a passionate advocate of the free market. In the second, you act as though you have never heard of such a thing.
N.b. Personally, I am much happier knowing that (almost) all the people potentially plowing into me on the highway carry insurance.
Correct me if i'm wrong, but wasn't "insurance" a criminal activity a mere century ago? If so, why is it bad for it to disappear again? Can't read the full article, since wsj have a competently implemented "To Read the Full Story, Subscribe or Sign In" shield.
You're probably thinking about racketeering, but unless you actually believe your home insurer will set fire to your house if you don't buy fire insurance, the comparison probably isn't apt.
Why would they lower prices? The government mandates we MUST have insurance, so they know they've got a continued source of business. They'll simply increase profits. The average American has absolutely no way to correlate the amount they pay for insurance to what it costs the insurance company.
Actually, in California, the government does not. You must have either a certain specified minimum level of insurance or a post a specified minimum surety bond.