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%.
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%.