Yes, but the incentives created by that system lead to insurance adjudicators operating with extreme adversariality towards the insured. Add to that the extreme inelasticity of demand for insured products (e.g. healthcare, or getting access to a car to use to commute after one is totaled), regulatory capture of insured products/services by insurers, and time, and you get pretty toxic systems wherein insurers exert upwards price pressure without significant checks.
I live in New York. A very old very famous manufacturer of firearms, Remington Arms, which employed hundreds of people and was the economic engine of its community was forced by the State of New York to shut down. That community cannot replace what was lost when the factory closed. Poverty, crime, drugs have moved in to the void.
You may be right that guns are are corrosive to a democratic society, that's an open debate. But the people who depended on that factory had the rug pulled and real harm was done without any regard to their welfare. And not everyone who depended on the factory worked there, deli owners and dry cleaners, these types of legitimate businesses are damaged when a major employer closes doors.
I suppose I relate this story to you just to show that, there are other people who think like you, guns are stigmatized, and it has a real human cost. We should not be flippant with our neighbor's well being, because we can't predict the turns of fate, one day it might be our turn.
Your statement is not grounded in the truth. Remnington did not shut down because of government interference. They employed a grand total of 100 people in NY. Hardly the "economic engine of its community"
They shutdown because they sold 7.5 million guns that could fire without someone pulling the trigger and 60 minutes exposed it.
And you should know that their building is being converted into a 250,000 sqft AI data center. So it's not like employment is just lost in the area.
Yup. When you make a boo-boo that big there's no recovery. And since they hid the problem it grew and grew. Personally, I would like to see hiding major safety defects become a criminal charge with the provision that if you go to the cops before they come looking that you're not guilty even if you share in the guilt.
straw man argument. This was about social stigma of weapons and you told a story about a factory being force closed and the surrounding community degrading by that.
We should not keep bad things alive just because jobs depend on it.
Insurance is a tool for spreading risk, and modern society could not operate without it.