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but it did cost millions to insurance company
by mkriss 12y ago
but it did cost millions to insurance company
- dfan 12y agoIf the insurance company is doing its job right, this was priced into its rates.
- FranOntanaya 12y agoThen it cost millions to a lot of people.
- claystu 12y agoWhich is understood by all those people when they purchase insurance. This isn't news. Spreading the risk around is why people buy insurance in the first place.
- gohrt 12y agoThen the failure wasn't free. This customer and all other customers paid for this failure. Other customers, who may have done more and more expensive work to avoid failure, are stuck paying for this failure. Insurance thus incentivizes a race to the bottom -- using other customers to finance ones own risk.
- dragontamer 12y agoBillions, not millions.
- Dylan16807 12y agoOne launch is dozens of millions, not billions.