Second, we need to make clear as a society that buying insurance is part of individual responsibility.
If one wanted to be downbeat (which we do not) it would be easy to draw an analogy the condition of financial institutions in Japan, banks, securities firm, and insurance companies, and the society in general: aging, increasingly frail and infirm, and shrinking at a painfully slow pace.
This would not be the first time insurance companies have helped change American society.
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Mr. Litow is a retired actuary and past chairman of the Social Insurance Public Finance Section of the Society of Actuaries.
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In lieu of widespread bans and confiscation, most people in an industrialized society generally accept the need for insurance.
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Uninsured Americans who can afford to buy health insurance are free riders who impose their private costs on society.
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In our society many of us are comfortable paying for property insurance (car, home, etc) and writing off the sure loss as payment for financial security in case of an accident.
If insurance guidelines compel people to take greater safety measures, all of society benefits.
So too were new forms of corporate and academic organisation, such as the insurance firm Lloyd's of London and Britain's Royal Society.
"I understand that it is woven into the fabric of our society that employers can and should continue to pay for health insurance for their employees, " Mr. Michelson declares.
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Is it economically worthwhile to society to force a same-sex couple to buy individual insurance for their family? or to discriminate against same-sex families by requiring these couples to pay individual rather than family-based income taxes?
For example, Marty obtained two life insurance policies on his own life, with Patti as the beneficiary of one policy and the National Multiple Sclerosis Society as the beneficiary of the other.
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The problem for cloud companies, in a society as litigious as ours (and one whose government sometimes seems to demonize business) is: can insurance actually protect them ?
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The Transport committee will continue its probe into the cost of motor insurance with evidence from former Home Secretary and Justice Secretary Jack Straw, and then from the Motor Accident Solicitors' Society, AXA UK, and former MP Andrew Dismore, who now represents the Access to Justice Action Group.
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