Insurance, when prices are based on risk, sends clear signals about the relative safety of behaviors and can alter consumer choice for a safer and more stable society. But when certain parties seek protectionist policies to socialize risk, responsible people end up paying for the risky choices of others.

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MacLeans

Burning Down the House

MacLeans discusses Iain Murray's article for the Washington Examiner on private insurance companies.  That could be why the fire incident, far from discouraging…

Insurance