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

splendoruranium@infosec.pub ⁨11⁩ ⁨months⁩ ago

On every single professional sports game I’ve ever seen, every single show, every single channel. Isn’t this our fucking money you’re meant to give out should, god forbid, something happen?

While there’s certainly no redeeming feature to be found in the advertising industry, I feel like you might be missing the point of insurance. An insurance does not safe-keep “your” money. You pay insurance for a service, you then receive the service and your money is gone, spent, as if you had bought groceries. The service you receive is what is called “coverage” but what is more easily thought of as “immunity against bankruptcy due to X”, X being the insurance case. That’s what you buy.

Figuring out how to best allocate the money is up to the insurance - it’s their money, after all.

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