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by asveikau 620 days ago
Most insurance in most industries is a racket.
1 comments
floydnoel 620 days ago
The famous Lloyds of London started as a gambling coffee house. Gambling and insurance are closely related, and offer the same bargain: the house always wins.
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cromulent 620 days ago
> the house always wins

Well, until Lloyd’s did lose a lot of money in 1991, and the Names had too much exposure. Berkshire Hathaway cover them now, I believe.

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aspenmayer 619 days ago
That's rich.
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