Global Insurance Is Now a $6 Trillion Bet on Human Panic—And the House Always Wins
The planet is now so comprehensively insured that, should a meteor obliterate the Eastern Seaboard tomorrow, actuaries in Zurich would yawn, adjust their spreadsheets, and schedule a Zoom call before the dust cloud reached Europe. In 2024, insurance is less a safety net than the world’s largest, most neurotic casino—one where every house always wins,…