Q&A: Smarter than all the insurance companies?
Smarter than all the insurance companies?
Question
It was reported that the government issued a tender for insurance for those going up to Lag BaOmer in Meron, and not a single insurance company submitted a bid.
Not cheap, not expensive, no bargaining, nothing.
They simply aren’t interested.
Is it not something to worry about—that they know, or at least estimate, based on this year’s decision-making process for the event, and are therefore justifiably concerned for their money?
And if they are worried about their money (and risk assessment is their profession), then all the more so anyone thinking of going there should be worried for his life.
After all, when it comes to life, one should take fewer risks than with money.
And if the experts in the field are so worried about their money, isn’t it problematic to take a risk with one’s life?
Answer
There is no connection. An insurance company is concerned even about a small chance, because the damage could be enormous.
But insurance companies insure insurance companies and factor in the risks and the value of the insurance, so what exactly is the claim?