this post was submitted on 21 Jul 2023
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Technology

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[–] qwertyqwertyqwerty@lemmy.one 23 points 2 years ago (9 children)

That’s terrifying and needs regulation immediately.

[–] dylanmorgan@slrpnk.net 15 points 2 years ago (8 children)

Or insurance needs to be nationalized and not run for profit. Insurance started as a way for rich people to hedge against a total loss when investing in long distance trading ventures. Insurers then found a way to worm into every aspect of life including things like housing which is not a venture undertaken by choice.

[–] furrowsofar@beehaw.org 2 points 2 years ago (7 children)

Mutual insurance companies are not profit making companies.

[–] voyiatzis@mastodon.social 1 points 2 years ago

@furrowsofar @dylanmorgan Not until TSHTF,same goes for every other insurer out there.

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