The Cellar - View Single Post - Have we become used to or immune to mass shootings?

henry quirk · 03-02-2018, 08:17 AM

"Do you know the history of insurance?"

Sadly, no...the extent of my knowledge (and interest) is that Ben Franklin started an insurance company.

#

"sharing the risk was the original purpose of insurance. The big bucks are the byproduct of that development."

I must disagree. The original (and current) purpose of insurance (in a free, or somewhat free, market) is to make money for the company owner(s). Providing a mechanism for 'sharing the risk' is the means by which that money is made.

'Big bucks' is not a byproduct but is the sought after goal.

03-02-2018, 08:17 AM	#117
henry quirk maskless: yesterday, today, tomorrow Join Date: Jan 2009 Posts: 2,162	"Do you know the history of insurance?" Sadly, no...the extent of my knowledge (and interest) is that Ben Franklin started an insurance company. # "sharing the risk was the original purpose of insurance. The big bucks are the byproduct of that development." I must disagree. The original (and current) purpose of insurance (in a free, or somewhat free, market) is to make money for the company owner(s). Providing a mechanism for 'sharing the risk' is the means by which that money is made. 'Big bucks' is not a byproduct but is the sought after goal. Last edited by henry quirk; 03-02-2018 at 08:23 AM.