Insurance companies, yes. But we should replace them with some sort of social safety net so people quit being fucked over by random chance. Risk management spread out over a large population is a good thing.
There used to be a thing called ‘mutual insurance’ as in ‘Mutual of Omaha’. (They did a nature show called Wild Kingdom back in the before-time)
It’s basically an insurance run like a co-op, not as an arm of some other money-laundering corporate giant.
Some mutual insurances would balance their books periodically and refund a portion of premiums if the claims paid was less than what premiums brought in.
I still remember the jingle.
“Mutual of Omaha …. is people …. you can count on when the going is rough!!”
Some sort of risk management and investment pool that you could draw from when legimately needed. Establishing the legitimacy is one of the hard parts.
Insurance companies, yes. But we should replace them with some sort of social safety net so people quit being fucked over by random chance. Risk management spread out over a large population is a good thing.
There used to be a thing called ‘mutual insurance’ as in ‘Mutual of Omaha’. (They did a nature show called Wild Kingdom back in the before-time)
It’s basically an insurance run like a co-op, not as an arm of some other money-laundering corporate giant.
Some mutual insurances would balance their books periodically and refund a portion of premiums if the claims paid was less than what premiums brought in.
I still remember the jingle.
“Mutual of Omaha …. is people …. you can count on when the going is rough!!”
Some sort of risk management and investment pool that you could draw from when legimately needed. Establishing the legitimacy is one of the hard parts.