People Twitter

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A cut, sure, but the whole fuckin thing? (lemmy.dbzer0.com)

submitted 4 days ago by Stamets@lemmy.dbzer0.com to c/whitepeopletwitter@sh.itjust.works

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[–] blarghly@lemmy.world 1 points 3 days ago

Iirc, margins for insurance are actually extremely thin. Consumers almost always go with the lowest cost option, and since insurance is mandatory, they don't differentiate much on anything except cost. Insurance companies don't actually make money on insurance premiums. They make money by investing the float.