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Kevin comments on Floating Festival Jul 22-25 - Less Wrong
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Comments (7)
It doesn't seem unreasonable that this is something that would be extraordinarily expensive to insure -- and the insurance cost balloon wasn't 10x, but 2.5x. I mean, there are going to be drunk/high people jumping from boat to boat and doing various motorized water sports.
It never looks like a revolution until the government sends in the military to stop it.
It certainly sounds like fun.
-Emma Goldman
I'm not entirely clear on what exactly they're insuring against.... someone getting injured and suing the Seasteading Institute? I wonder if the insurer factored in the fact that everyone involved in the event believes in a political ideology of extreme personal responsibility, and are therefore much less likely than the average american to sue some random third party when they slip and fall.
I think so. I doubt the underwriters took the ideology into much account, they probably just went with the standard factor for P(lawsuit | serious injury) which I would guess is over 50%.