OT: Apophis is going to kill us all

[Baron Munchausen]

dogscoff said:
rstaats: I think you misunderstand the intent of insurance. Here's how it's supposed to work (from my experience, anyway).

1 - Customers give money to the insurance company.
2 - Insurance Company never gives any of it back to anyone, ever, under any circumstance whatsoever.

Hope that clears it up for you =-)

That's a slight over-simplification, though. The actual steps are:

1 - Customers give money to insurance company
2 - Insurance company invests money
3 - Insurance company pays dividends to investors (stock owners)
4 - Insurance company never gives money back to customers

There ya go.