Caleb James DeLisle on Nostr: But first deregulate the insurance business. Anyone who can post a bond equal to 1% ...
But first deregulate the insurance business. Anyone who can post a bond equal to 1% of their total coverage or their maximum single event payout should be able to run an insurance company.
The only reason to have more regulation than that is to capture the market and make monopolies.
Published at
2024-03-03 11:28:37Event JSON
{
"id": "c69944a03f0ac438da53af979bc086ea73b6b58b455123e91ff82163bfd74e71",
"pubkey": "dde9dd6efbaf3c747c06bfd60f732666acd686e4c2eff471937f0c7c5fca5e0e",
"created_at": 1709465317,
"kind": 1,
"tags": [
[
"p",
"dde9dd6efbaf3c747c06bfd60f732666acd686e4c2eff471937f0c7c5fca5e0e",
"wss://relay.mostr.pub"
],
[
"e",
"e66c8f0eb77f9c2c195ee00ecf6bc2790aa73133897036813f7e986e67ef0bab",
"wss://relay.mostr.pub",
"reply"
],
[
"proxy",
"https://pkteerium.xyz/objects/ff40d9fb-12d8-4238-932e-dd344546aa43",
"activitypub"
]
],
"content": "But first deregulate the insurance business. Anyone who can post a bond equal to 1% of their total coverage or their maximum single event payout should be able to run an insurance company.\n\nThe only reason to have more regulation than that is to capture the market and make monopolies.",
"sig": "64330d0ab4eb24f94c1e22aa76cd72786cbace7e737ba09b1744dd6eb812c4733b0c8a94e9574fd293cdf9489afcded82a0b957b7014ee8bf6a5342234244343"
}
