I think maybe it's possible society as a whole should pay for insurance because cascade losses/unpredictability are worth avoiding. PD-ish?
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@St_Rev do you think insurers would recreate/improve building codes if they were legally abolished? -
@drethelin Building codes and underwriting codes are pretty deeply entwined as it is, so yes. -
@St_Rev fair. Do you think they would've arisen organically from the proliferation of insurance industries? -
@drethelin Private underwriting goes back to the 17th century, modern building code law to the mid-19th. They coevolved.
End of conversation
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. Banned in Sweden. SubGenius, Zhuangist, white-hat troll. Defrocked mathematician. Brain problems.