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To: Paul Kern who wrote (160324)10/26/2008 7:26:21 PM
From: bentwayRespond to of 306849
 
"The whole point to insurance is to have a huge pool and spread the risk."

There's a great old movie, Lloyds of London, about the birth of the insurance industry, by a bunch of British shipowners.

imdb.com

Somewhere, this idea was lost.