Insurance Racket

From Open Source Ecology
Revision as of 17:15, 18 March 2019 by Marcin (talk | contribs) (Created page with "*Take car insurance, average USA cost of $1000/year. *Over 50 year life, it's $50k. *Accident rate USA - $400B damage per year. *200M drivers *$200B revenue for insurance. *So...")
(diff) ← Older revision | Latest revision (diff) | Newer revision → (diff)
Jump to navigation Jump to search
  • Take car insurance, average USA cost of $1000/year.
  • Over 50 year life, it's $50k.
  • Accident rate USA - $400B damage per year.
  • 200M drivers
  • $200B revenue for insurance.
  • So it does appear that costs don't cover all the damage done, and insurance cost appears to be fair.
Retrieved from "https://wiki.opensourceecology.org/index.php?title=Insurance_Racket&oldid=187999"