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An article in the Wall Street Journal refers to the basic principle of insurance - pooling risk in order to minimize liability from unforeseen dangers.
An article in the Wall Street Journal refers to "the basic principle of insurancepooling risk in order to minimize liability from unforeseen dangers.
Source: Amanda Foreman, "Insuring against Disaster," Wall Street Journal, February
The problem of
is that it undermines the ability of insurance to provide the benefit of sharing risk.
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