Originally Posted by flensr

It's funny watching people arguing about insurance and making broad claims like "theft" etc, when they have ZERO knowledge or education about statistics, the insurance business, how actuarial tables work, and the legal precedents that permit the idea of open market insurance to exist in the first place.

The whole concept behind insurance is based on completely "pure" mathematical calculations about risk and probability of a claim. The criteria used to determine those risk factors have been used for decades because they are the most fair way to spread risk among insured groups of people without unfairly punishing people who are not in the higher risk categories.

If you don't like that, then come up with a better way and try to convince someone (anyone) to willingly buy into it. But that won't happen, because insurance doesn't work that way. Insurance rates for any particular person is based on a cold mathematical calculation of how likely an aggregate group of "people like you" are likely to have a claim, plain and simple. It really isn't any more complicated than that.

If you don't like that, then pile up some cash and self-insure or get enough people to join you to purchase your own group policy, (which will still be charged premiums based on the characteristics of the people in your group). If you can't self insure, then of course you buy insurance because that's what insurance is for (duh). If you are forced to buy insurance because the govt says you do, then that's what elections are for.

Whining about insurance "theft" and claiming that it's unfair for any particular group to get charged higher premiums than another group is simply showing ignorance about how insurance actually works. I know that making fools of ourselves is kind of a sport in here, but this is pretty blatant even for pilots who know everything

Originally Posted by jcountry

I know exactly how insurance really works.

It works by the companies looking at the damage after a major hurricane and seeing only slabs left where their insureds' homes were.

And then those companies denying payouts because they said homes were washed away, rather than blown.

They are crooked bastards. I hope you never have to file a major claim, but if you do, I sure hope you are treated better than practically everyone I know who has had to.

Originally Posted by hilltopflyer

So true. We had a beach house (rental) and the home insurance was saying it was water and the flood insurance was saying it was wind dmg. Took forever to get it resolved.

Originally Posted by jcountry

The most dangerous thing on the roads today is a teen girl with a cell phone. That kind of person shouldn’t be getting a huge discount.

Originally Posted by rickair7777

Probably true, although the frenzied soccer mom who's doing mascara, texting and drinking a quintuple frapacino while steering with her knee is probably a close second.

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Originally Posted by OOfff

Link to the statistics on which you are making this claim?

Originally Posted by full of luv

There was a story a week ago about a law in Canada that says a trans-gendered must be treated as the gender they claim regardless of plumbing.
Well a twenty-something male told his car insurance company he was identifying as female to save almost $1400 every 6 months on his/her car insurance.
Insurance company balked and now we have a full fledged gender court case.

Originally Posted by crewdawg

First off, saving $2800/year...what kind of car are they insuring?!?! Secondly, it's a sad day if it's not thrown out...

Originally Posted by Qotsaautopilot

Well I know what we will be telling insurance when my son turns 16. Even if he dresses like a boy and likes girls what can they say if you tell them he identifies as a girl

Originally Posted by Mesabah

I thought the captain handled himself well here. The captain is the inflight security coordinator not the CRO, and if she wants to fly, must obey orders delegated from him. He's simply giving her a stern warning if she wants to continue on the flight, which she was allowed to. Total nothing-burger...