Nagel Posted November 29, 2012 Share Posted November 29, 2012 But the extremes must be cut out for it to work efficiently for the majority. Hence the specialist / bespoke insurance market. High risks can use this market. Insurance is a business not a charity / society. Insurance as a Society makes a lot of sense, in the same way thenot-for-profit Mutual Building Societies made a lot of sense. Sadly there's not many of those left after they were asset-stripped under Thatcherite policies. Why should insurance be run for profit as a business and not as a society for the benefit of its members? Link to comment Share on other sites More sharing options...
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