It doesn’t seem unreasonable that this is something that would be extraordinarily expensive to insure—and the insurance cost balloon wasn’t 10x, but 2.5x. I mean, there are going to be drunk/high people jumping from boat to boat and doing various motorized water sports.
“I did not believe that a Cause which stood for a beautiful ideal, for anarchism, for release and freedom from conventions and prejudice, should demand the denial of life and joy. I insisted that our Cause could not expect me to become a nun and that the movement should not be turned into a cloister. If it meant that, I did not want it.”
I’m not entirely clear on what exactly they’re insuring against.… someone getting injured and suing the Seasteading Institute? I wonder if the insurer factored in the fact that everyone involved in the event believes in a political ideology of extreme personal responsibility, and are therefore much less likely than the average american to sue some random third party when they slip and fall.
what exactly they’re insuring against.… someone getting injured and suing the Seasteading Institute?
I think so. I doubt the underwriters took the ideology into much account, they probably just went with the standard factor for P(lawsuit | serious injury) which I would guess is over 50%.
It doesn’t seem unreasonable that this is something that would be extraordinarily expensive to insure—and the insurance cost balloon wasn’t 10x, but 2.5x. I mean, there are going to be drunk/high people jumping from boat to boat and doing various motorized water sports.
High on revolutionary fervor, is that?
It never looks like a revolution until the government sends in the military to stop it.
It certainly sounds like fun.
-Emma Goldman
I’m not entirely clear on what exactly they’re insuring against.… someone getting injured and suing the Seasteading Institute? I wonder if the insurer factored in the fact that everyone involved in the event believes in a political ideology of extreme personal responsibility, and are therefore much less likely than the average american to sue some random third party when they slip and fall.
I think so. I doubt the underwriters took the ideology into much account, they probably just went with the standard factor for P(lawsuit | serious injury) which I would guess is over 50%.