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Prudent Capitalist

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Prudent Capitalist

Re: fung_derf post# 824

Thursday, 09/15/2022 12:32:34 PM

Thursday, September 15, 2022 12:32:34 PM

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The difference fung, as that with insurance it is a matter of an enforceable contract, and the insurance industry is highly regulated. Whether it is Life Insurance, Auto insurance, home Insurance or personal liability, you pay for the insurance coverage and the insurance company is contractually obligated to pay for your losses if they occur. Hardly a ponzi scheme.
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