Comment by lotsofpulp
Comment by lotsofpulp 9 hours ago
I highly doubt actuaries are dumb enough to allow this arbitrage at the insurance company’s expense.
Comment by lotsofpulp 9 hours ago
I highly doubt actuaries are dumb enough to allow this arbitrage at the insurance company’s expense.
That makes it even more suspect. Regulators are incentivized to ensure prices are proportional to the risk. They would have nothing to gain by asking insurers to have all other drivers subsidize sports car drivers just because it has more than 2 seats (if that is even a true scenario).
Remember that there are also insurance regulators that must be satisfied. It might not be worth fighting them on something like this.