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By insuring a barrelful of policies, it matters less if one of them is bad.But the law of large numbers is threatened by the rule of precise data.
Consider that health insurance companies make more money by insuring more healthy people than unhealthy.
Private insurers could protect their bottom lines by insuring only the healthy.
A captive insurance company can provide a plan for these risks by insuring the business while also reducing out-of-pocket expenses and creating another source of revenue.
The F.A.A. says it promotes flying mostly by insuring safety.
Some of the agency's critics want it to tamp down risk by insuring fewer loans; others think it should help the market by insuring even more.
However, by insuring themselves, they make it less likely for their trust to be rewarded.
The Federal Housing Administration option would facilitate the much-needed refinancings by insuring the new loans.
The idea was to dilute the Chechen population by insuring that the republic included many Russians.
"Additionally, by insuring the majority of Americans, the legislation vastly reduces the cost of caring for the uninsured.
She said many large Catholic institutions in California, like hospitals, have since elected to sidestep the law by insuring themselves.
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CEO of Professional Science Editing for Scientists @ prosciediting.com