Comment on Why is it apparently cool and fine for insurance companies to spend countless billions, trillions of our money constantly buying ad time?

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Adalast@lemmy.world ⁨11⁩ ⁨months⁩ ago

Don’t forget the part where Insurance Company X calculates the maximum amount of damages they could be liable for from marauding flash mobs for a given affected area then raises the rates on all of their customers in an even bigger area to compensate so they can never lose money on Alice’s wrenches.

Source: I’m a mathematician who spent a summer working in the office of a roofing company and I literally watched homeowners insurance companies do it.

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