Fascinating! Having put the childcare plan in particular to an insurance expert, they give the below challenges and I'm interested in any pushback you may have on these points?
1. There are v few ‘mandatory insurance’ requirements in this country, for good reason. Insurers don’t find them profitable so it’s difficult to find insurers to offer the insurance - at an affordable price anyway.
2. Insurers would hate a menu of government regulations saying ‘child losing one finger = £10,000’ and so on.
3. For the most part there’d be contributory negligence because children do stupid things.
4. Any ‘fine’ for a child carer would be accompanied by a stinging premium increase from the insurer - thereby driving up child care fees for that carer, thereby nullifying savings due to fewer staff.
5. Unsafe practice only comes to light after an accident happens.
Would insurance help for events that are very rare, and we have little to no past data? also a breakdown would have huge knock on effects that wont just be arbitrated in the court.
This is regarding using insurance for nuclear and AI. It seems specially impossible for the latter, where the direction and capability of tech may change at any time
Fascinating! Having put the childcare plan in particular to an insurance expert, they give the below challenges and I'm interested in any pushback you may have on these points?
1. There are v few ‘mandatory insurance’ requirements in this country, for good reason. Insurers don’t find them profitable so it’s difficult to find insurers to offer the insurance - at an affordable price anyway.
2. Insurers would hate a menu of government regulations saying ‘child losing one finger = £10,000’ and so on.
3. For the most part there’d be contributory negligence because children do stupid things.
4. Any ‘fine’ for a child carer would be accompanied by a stinging premium increase from the insurer - thereby driving up child care fees for that carer, thereby nullifying savings due to fewer staff.
5. Unsafe practice only comes to light after an accident happens.
Would insurance help for events that are very rare, and we have little to no past data? also a breakdown would have huge knock on effects that wont just be arbitrated in the court.
This is regarding using insurance for nuclear and AI. It seems specially impossible for the latter, where the direction and capability of tech may change at any time