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Technology Stocks : Dell Technologies Inc.
DELL 122.70+0.2%Nov 18 3:59 PM EST

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To: K. M. Strickler who wrote (34896)3/19/1998 12:58:00 PM
From: Fangorn  Read Replies (2) of 176387
 
Ken,
Your description of Insurance is the common understanding but is wrong. The only bet the Insurance Company makes is that they set premiums high enough to cover the claims and have some left over. We all buy car insurance so that if we do have an accident we won't be financially ruined. We all pay a little so that the few that do have accidents don't have to pay a lot.

Insurance Companies provide a product-Peace of mind, freedom from huge expense in case of accident- that the customer wants (find a need and fill it).
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