Because AOL chose to self-insure, there's no insurance company, just an asset po... | Hacker News

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		lutusp on Feb 9, 2014 \| parent \| context \| favorite \| on: That “distressed baby" Tim Armstrong blamed for be... Because AOL chose to self-insure, there's no insurance company, just an asset pool within AOL itself.

facepalm on Feb 10, 2014 [–]

I see - didn't know that kind of thing exists.

Seems to me they very simply not good enough at crunching the numbers then.

Also, I think even insurances tend to have insurances against very high insurance claims. Maybe they should look into that kind of thing.

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