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Quotes of the week

Quotes of the week

Posted Mar 5, 2013 22:32 UTC (Tue) by dlang (subscriber, #313)
In reply to: Quotes of the week by ortalo
Parent article: Quotes of the week

> However, I do not fully agree. Insurances do not spend the money for prevention activities, they put it aside for indemnification of victims. (Their existence is for you to transfer the risk to them - not reduce it.)

Insurance does not spend the money on prevention activities, but competent insurance charges you less money if you implement prevention (reducing the probability that the insurance company will have to pay out on a claim)


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Quotes of the week

Posted Mar 6, 2013 9:23 UTC (Wed) by ortalo (subscriber, #4654) [Link]

True. However, how does that differentiate from governemental implication with respect to public investment in security?

Insurances try to minimize the risk, but they accepted to insure that risk in the first place. So that's just a moral question on where you spend the money (less victims or more indemnification...) but the game is cheated.
Governments do not have the choice to select the risks they deal with. They have to take into account real risks as is and deal with them. So, I am more inclined to consider that an insurance-oriented view may not be the best way of considering the problem.

However the funding problem issue (whether based on real money or motivation or volunteer time) is pretty similar. Collective action is needed.

Quotes of the week

Posted Mar 7, 2013 2:54 UTC (Thu) by dlang (subscriber, #313) [Link]

actually, governments, just like private companies, can ignore or falsely evaluate risks and what they need to do to deal with them.

And they do on a regular basis.

They either accept the loss, fix the problem, or try to make it someone else's problem in the future (pretending that it never happened is one form of accepting the loss, and both governments and private companies do this)


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