It's such a ridiculous concept/fallacy though - when applied to insurance.
- If statistics show women crash less, I don't see why insurers shouldn't be allowed to charge them less.
- If statistics show people called 'Ryan' crash more, I don't see why insurers shouldn't be allowed to charge them more.
That is how the insurance business model works. You charge high-risk people more based on statistical observations. Equality rulings render the whole business model based on risk inept.
If you want true or perfect equality then we would ALL be treated as exactly the same risk and pay exactly the same premium. It's ridiculous.
- If statistics show women crash less, I don't see why insurers shouldn't be allowed to charge them less.
- If statistics show people called 'Ryan' crash more, I don't see why insurers shouldn't be allowed to charge them more.
That is how the insurance business model works. You charge high-risk people more based on statistical observations. Equality rulings render the whole business model based on risk inept.
If you want true or perfect equality then we would ALL be treated as exactly the same risk and pay exactly the same premium. It's ridiculous.
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