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02-28-2018, 07:02 PM | #1 |
maskless: yesterday, today, tomorrow
Join Date: Jan 2009
Posts: 2,162
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"No, it's the actual context."
No, that's Dana's conventional interpretation, fostered by official statements from providers, and the elected. It may actually spread the risk or allow it to be shared, but that's not the reason for it, just the coincidental byproduct. But, it's an interpretation. |
03-01-2018, 04:43 AM | #2 | ||
We have to go back, Kate!
Join Date: Apr 2004
Location: Yorkshire
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Do you know the history of insurance? I do - and sharing the risk was the original purpose of insurance. The big bucks are the byproduct of that development. You talk about your tolerance for risk. That's fine - it's up to you if you want to insure your risk. The mandatory nature of motor insurance is because of the third party element.
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03-01-2018, 06:36 PM | #3 | |
Encroaching on your decrees
Join Date: Feb 2004
Location: An island within the south-west coast of Scotland
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Quote:
She’s right you know. I studied the history of insurance, too. Lloyd’s coffee shop, the sharing of risk and the sharing of gain from the actual (seafaring) adventures .... Sent from my iPad using Tapatalk
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Living it up on the edge ... of civilisation, within the southwest coast of |
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03-01-2018, 10:04 PM | #4 |
The future is unwritten
Join Date: Oct 2002
Posts: 71,105
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Yeah, Loyd's is the granddaddy of insurance, but not the premise.
It started when primitive people started banding into groups/villages, one for all, all for one.
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03-02-2018, 06:56 AM | #5 |
still says videotape
Join Date: Feb 2001
Posts: 26,813
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Those dirty commies...
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If you would only recognize that life is hard, things would be so much easier for you. - Louis D. Brandeis |
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