No Assurance: Insurance - the tide has turned
Stress Toy - source Amazon.com Since 2011, you could be forgiven for feeling that the tide has turned on the viability of insurance, yet for many it is a non-negotiable situation, a requisite to secure an asset for one's creditors. But the buck has to stop somewhere, and it does when the risk exceeds the tipping point for the insurer, the re-insurer and whoever rides above that level. Swiss Re is one of the big global players. Wikipedia describes Insurance as: a risk management technique primarily used to hedge against the risk of a contingent, uncertain loss that may be suffered by those individuals or entities who have an insurable interest in scarce resources, by transferring the possibility of this loss from one interested person, persons, or entity to another. The scarce resources referred to here fall into three divisions: human resources, financial resources, and capital, or tangible resources. In the context of insurance, scarce resou