ThefuzzyFurryComrade@pawb.socialM to Fuck AI@lemmy.world · 5 months agoInsurance Companies Are Terrified to Cover AI, Which Should Probably Tell You Somethingfuturism.comexternal-linkmessage-square28linkfedilinkarrow-up1276arrow-down11
arrow-up1275arrow-down1external-linkInsurance Companies Are Terrified to Cover AI, Which Should Probably Tell You Somethingfuturism.comThefuzzyFurryComrade@pawb.socialM to Fuck AI@lemmy.world · 5 months agomessage-square28linkfedilink
minus-squarehalcyoncmdr@lemmy.worldlinkfedilinkEnglisharrow-up52·5 months 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-up23arrow-down1·5 months agoBuying insurance is betting something bad will happen. Selling insurance is betting that it won’t.
minus-square87Six@lemmy.ziplinkfedilinkarrow-up11·5 months 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