Insurance is precisely designed to protect against large rare events in power law systems that would otherwise be catastrophic, but insurance companies face the difficult problem of calculating premiums without knowing how much to charge for extreme outlier events
factualpending
Evidence Quote
“insurance is designed precisely to protect you against the large rare events...insurance company...has to be able to say how much to charge”
Created: 8/11/2026, 7:21:07 AM
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