May. 23rd, 2020

kengr: (Default)
A comment elsewhere on DW reminded me of some thoughts I've had insurance companies.

In the long run, they should be converted to non-profits. But doing so would involve having to buy out the shareholders which is a major can opf worms.

A possible short term solution would be to *require* that insurance payments be treated as investing in the company. Need a sneaky but honest lawyer to figure out how to do it right.

But the basic idea is that by making the customers *shareholders* of some sort, they get all sorts of interesting legal rights. Ones that would really make it in the company's interest to *not* screw them over about payouts.

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