Insurance rate classifications can shape private behavior like tax categories do
Evidence
Obviously,*the possibilities of utilizing insurance rate Qlassifications to influence private conduct are great. This potential has in recent times been recognized in relation to the use of tax categories. But the insurance field is in this respect largely unexplored. — Henry M. Hart, Jr. and Albert M. Sacks, The Legal Process, 1913
Categorization
- XREF: Connects to the reader’s standing focus on ‘law’s techniques beyond command’ from earlier chapters (ch11) and insurance/disclosure-as-regulation themes. — connects to: Insurance availability can incentivize municipal zoning and state flood-loss reduction — Henry M. Hart, Jr. and Albert M. Sacks, The Legal Process: Basic Problems in…, 1912; Congress has long used insurance and indemnity devices across many federal programs — Henry M. Hart, Jr. and Albert M. Sacks, The Legal Process: Basic Problems in…, 1917; Algorithmic risk prediction individualizes insurance and erodes social solidarity — Aris Komporozos-Athanasiou, Speculative Communities: Living with…, 421 (+1 more)
Broader Connections
- Algorithmic risk prediction individualizes insurance and erodes social solidarity
#complicates(0.78) — Aris Komporozos-Athanasiou, Speculative Communities, 421 - Neoliberal risk thinking undermines the actuarial categories classical insurance requires
#expands(0.72) — Philip Mirowski, Never Let a Serious Crisis Go to Waste, 336