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re: Does insurance violate the basic laws of economics?

Posted on 3/1/24 at 10:47 am to
Posted by Terbulance69
Member since Oct 2021
64 posts
Posted on 3/1/24 at 10:47 am to
Insurance is essentially a legalized Ponzi Scheme when you think about it.
Posted by DCtiger1
Panama City Beach
Member since Jul 2009
8796 posts
Posted on 3/1/24 at 10:53 am to
Except it isn’t at all, because the carriers have to have reserves that are constantly monitored, the government has guarantee programs if insolvency occurs, and they must buy reinsurance as well.
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