A rather bland article in Wired.com regarding the role of insurance companies in preventing or mitigating the kinds of damages seen with the recent Sandy storm.

It’s because it’s rather bland that  I link to it. The article actually offers a very good starting point for thinking about a number of topics that I regularly write about:

* who knows what’s best for an individual

* who knows what’s best for an industry (take note when reading that those that deride the insurance industry for not being fast enough to make changes are not themselves in the insurance industry)

* moral hazard (especially as it relates to the government being the insurer of last resort)

* regulation and who regulations help and hurt

* and incentives and what those incentives are likely to do regarding behavior

-JD Cross