ThefuzzyFurryComrade@pawb.socialM to Fuck AI@lemmy.world · 9 days agoInsurance Companies Are Terrified to Cover AI, Which Should Probably Tell You Somethingfuturism.comexternal-linkmessage-square26fedilinkarrow-up1266arrow-down10
arrow-up1266arrow-down1external-linkInsurance Companies Are Terrified to Cover AI, Which Should Probably Tell You Somethingfuturism.comThefuzzyFurryComrade@pawb.socialM to Fuck AI@lemmy.world · 9 days agomessage-square26fedilink
minus-squarehalcyoncmdr@lemmy.worldlinkfedilinkEnglisharrow-up51·9 days agoBecause insurance companies operate by taking premiums in and not paying out claims. They’ll cover basically anything as long as statistically they think they won’t have to pay.
minus-squarePeppycito@sh.itjust.workslinkfedilinkarrow-up23·9 days agoBuying insurance is betting something bad will happen. Selling insurance is betting that it won’t.
minus-square87Six@lemmy.ziplinkfedilinkarrow-up11·9 days agoExcept when the bad thing does happen you get $5 after paying in $300 monthly
Because insurance companies operate by taking premiums in and not paying out claims. They’ll cover basically anything as long as statistically they think they won’t have to pay.
Buying insurance is betting something bad will happen. Selling insurance is betting that it won’t.
Except when the bad thing does happen you get $5 after paying in $300 monthly