Nearly all personal insurance should fundamentally be a government function. Insurance is principally there to assist you when shit goes south. This is also effectively one of the foundational reasons humans collect into societies. But we’ve let runaway American capitalism and abstracting money to the point where it is treated like a resource in an of itself rather than the allocation algorithm it is completely pervert our understanding of how government and private enterprise respectively should interact with society.
You’re not incorrect, though his comment seems specifically targeted at home owners insurance.
Again, that could be government-sponsored.
Nearly all personal insurance should fundamentally be a government function. Insurance is principally there to assist you when shit goes south. This is also effectively one of the foundational reasons humans collect into societies. But we’ve let runaway American capitalism and abstracting money to the point where it is treated like a resource in an of itself rather than the allocation algorithm it is completely pervert our understanding of how government and private enterprise respectively should interact with society.