Re: AltInst: Legislation insurance

At 03:30 PM 4/21/98 -0700, you wrote:
>Why isn't there legislation insurance, to help business hedge against
>changes in legislation?
>-xx- Damien X-)
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>
>
There is probably some legislation preventing it. :-)

Seriously, insurance companies can only insure against statistical risks
(fires, burglaries, etc.) where history matters. In the case of
legislation, history only tells you that there is no way to predict
specific legislation. All you can predict is that there will be more of it.

George L. O'Brien

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Received on Thu Apr 23 15:11:11 1998