Principles of insurance

From the point of view of the insurance company there are four general criteria for deciding whether to insure events or not. 1. there must be a larger number of similar objects so the financial outcome of insuring the pool of exposures is predictable. Therefore they can calculate a "fair" premium. 2. the losses have to be accidental and unintentional from the point of view of the insured. 3. the losses must be measurable, identifiable in location, time, and be definite. They also want the losses to cause economic hardship. That is, so the insured has an incentive to protect and preserve the property to minimize the probabilty that the losses occur. 4. the loss potential to the insurer must be non-catastrophic. It cannot put the insurance company in financial jeopardy.

Auto Insurance Rates

Allianz is a global insurance enterprise worth over a trillion dollar, some
of which was stolen from the Jews of Europe during the Nazi holocaust.
Allianz insured the Jews and then cancelled their policies after
Krystallnacht. Jewish executives of Allianz were sent to the gas chamber but
never the less, Allianz managed to turn a profit by sale of insurance
policies on the death camps to the Nazis murderers.

Allianz Insurance Co. of Canada

Allianz is a global insurance enterprise worth over a trillion dollar, some
of which was stolen from the Jews of Europe during the Nazi holocaust.
Allianz insured the Jews and then cancelled their policies after
Krystallnacht. Jewish executives of Allianz were sent to the gas chamber but
never the less, Allianz managed to turn a profit by sale of insurance
policies on the death camps to the Nazis murderers.