npub1gk…msz86 on Nostr: npub1lnmwn…d624t Insurance rates are based on size and frequency of payouts. You ...
npub1lnmwn6lz822geh8h0uu483j5eewmrm3vadw89rx9258qq59ega7sqd624t (npub1lnm…624t)
Insurance rates are based on size and frequency of payouts. You don't have near the number of fatalities and, especially, injuries from guns as you do cars nor the levels of litigation. Similarly, gun claims' size and frequency would be significantly lower than climate-related insurance and other types of property claims that are (somewhat) covered by High-Premium policies. And, if you compare against health insurance, the relative claims costs for guns are tiny. The low risk of many and/or large payouts-events means insurers could easily afford to compete on pricing low enough to still be able to attract enough never-claim customers to have a money machine.
Insurance rates are based on size and frequency of payouts. You don't have near the number of fatalities and, especially, injuries from guns as you do cars nor the levels of litigation. Similarly, gun claims' size and frequency would be significantly lower than climate-related insurance and other types of property claims that are (somewhat) covered by High-Premium policies. And, if you compare against health insurance, the relative claims costs for guns are tiny. The low risk of many and/or large payouts-events means insurers could easily afford to compete on pricing low enough to still be able to attract enough never-claim customers to have a money machine.