ST Alpha - "I don't understand how insurance companies can make money on these dares." (Reading a Post)

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In response to "Ashley Furniture, you so crazy -- (link)" by prayformojo

I don't understand how insurance companies can make money on these dares.

Posted by David (aka David) Aug 29 '14, 07:41

It feels like the equivalent of holding a long term short on a stock.

Responses:

Because you don't hear about the hundreds of these that don't pay out but the insurance companies still collected $15,000 on. -- nm - Ender Aug 29, 07:44 3
- They would have to win about 70 for every one they lose simply to break even. -- nm - David Aug 29, 08:10 2
  - There's a travel company here that does a "if it snows on such and such date, your Christmas sun trip is free!" every year. - Reagen Aug 29, 08:12 1
    - we came so so so so so close one year. there was a blizzard that day, but it fell just short of the needed total. -- nm - Andie Aug 29, 08:17

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