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this post was submitted on 08 May 2025
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Uh, no they won’t?
The entire business model of insurance is to understand risk and assign a cash-value to it. Ignoring risk means their business model falls apart. They’re not going to ignore risk, in any dimension. And if they’re MADE to “ignore” risk in a particular dimension… they’re still going to analyze it and have actuarial tables around it, and will instead just factor it in by raising prices across the board.
I guess they can raise costs across the board, though if they don't all do this then most customers would leave to the competition.