The Mechanics and Economics of General Insurance
The House Always Wins—Until It Doesn't You're sitting in the dealership, pen hovering over the dotted line. The salesman smiles. You've already signed away the next five years of your life for a car you'll be sick of in two. But there's one more document. One more price tag that makes your stomach turn. Insurance . You sign it anyway. You always do. Because somewhere in the back of your mind, there's a whisper: What if? But here's what they don't tell you: That signature just made you a player in the most dangerous game on earth. The Vault Somewhere in a glass tower, your premium—along with millions of others—flows into what insiders call " the float ." It's not sitting idle. It's not gathering dust. It's being weaponized. Think of it like this: A thousand people in a village each drop $100 into a locked chest. They know the odds. Two, maybe three houses will burn this year. When the flames come, the chest opens. The victim walks aw...
