Case Study - Does the Insurance Industry Get a Bad Rap, Even When It Enables Businesses? 3816762268780510832-blid-2573727688138746363

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Not long ago, an overseas acquaintance in the insurance industry told me that the sector gets a bad rap, which is unfair because without insurance available, people wouldn't be able to do many of things they need to, and he explained his premise in this way, insurance "allows people and businesses to transfer their personal risk onto others, fundamentally changing their lives and their own ability to take a risk in order to achieve a better standard of living." Thus, what he was basically saying is this; "Insurance is a fundamental concept for all developed societies." Okay, I get...