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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 insurance-pooling risk in order to minimize liability from unforeseen dangers.'
Source: Amanda Foreman, "Insuring against Disaster," Wall Street Journal, February 20,2019.
The problem of
is that it undermines the ability of insurance to provide the benefit of sharing risk.
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