Insurance Mediates Risk

Robert P. Kurshan
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Robert P. Kurshan: Fellow, Cadence Design Systems (retired)

Chapter Chapter 7 in Investment Industry Claims Debunked, 2022, pp 147-157 from Springer

Abstract: Abstract My father taught me something about insurance that in retrospect is fairly obvious but still might escape notice. Insurance can be one of two things. The first is protection against a catastrophic loss. The second is a bet against an insurance company. While the first can be prudent, the second is for suckers.

Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-030-76709-9_7

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DOI: 10.1007/978-3-030-76709-9_7

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