[e-gold-list] Re: the competition heats up
A smart idea, but, you would never in a thousand trillion years be able to insure a group of customers against incompetently having their passwords stolen. The premiums would be 100% of the risk. PayPal has all of their accounts covered for up to $100,000 for breech of security. The insurance company is listed on their website. Craig --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: the competition heats up
-Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of [EMAIL PROTECTED] A smart idea, but, you would never in a thousand trillion years be able to insure a group of customers against incompetently having their passwords stolen. The premiums would be 100% of the risk. I don't think so, though they'd certainly be very high. You can insure anything if the law will allow it. I once read about an insurance company that specializes in insuring people no one else will insure, including a bungee-jumping place and a surgeon who was sued because he operated while drunk. They charged a king's ransom, but that's life. The insurance policy we're talking about is something along the lines of what happens if you lose your American Express traveller's checks. The existence of that policy proves its viability. The insurers could reduce risk a couple of different ways. Firstly they could share information amongst themselves about who keeps filing repeated claims. Drivers who keep getting into accidents pay higher premiums for their insurance, and the same principal should apply here. Someone who gets his password stolen more than once is either a moron or a scammer. When a customer does get scammed, the insurance company could try to track down the scammer and recoup some of the losses itself--tough, but once in a while they'd catch one. If I ran such a company I'd try to take some basic precautions against insuring morons in the first place, maybe not an aptitude test per se, but something that would screen out the bottom-feeders. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: the competition heats up
-Original Message- From: [EMAIL PROTECTED] [mailto:[EMAIL PROTECTED]]On Behalf Of SnowDog PayPal has all of their accounts covered for up to $100,000 for breech of security. The insurance company is listed on their website. PayPal also freezes accounts arbitrarily--making its customers give it a sort of involuntary short-term loan, also called stealing--and refuses to give any explanation why. PayPal does not have security breeches; PayPal _is_ one big security breech. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
[e-gold-list] Re: the competition heats up
A smart idea, but, you would never in a thousand trillion years be able to insure a group of customers against incompetently having their passwords stolen. The premiums would be 100% of the risk. PayPal has all of their accounts covered for up to $100,000 for breech of security. The insurance company is listed on their website. Craig Right, but that doesn't cover you losing your password. It covers a hacker actually stealing the money FROM PAYPAL. --- Great ventures create great mottos. --- You are currently subscribed to e-gold-list as: archive@jab.org To unsubscribe send a blank email to [EMAIL PROTECTED]
