What makes gambling wrong but insurance right?
After working in or for the insurance industry for 15 years, I came to the conclusion that it is not right, and that it is the moral equivalent of gambling.<p>I understand that the vast majority of people rationalize insurance as a good thing because the cost is relatively low when compared to catastrophic loss, and even have a couple of personal anecdotes to add to those of the advocates of insurance that demonstrate the wondrous utility of insurance, but I am convinced that it is wrong.<p>I quit the insurance business and moved to a completely different career.  I only buy the insurance that is required by law (what a ridiculous concept! does the government have to mandate that you also buy food?) and have paid the tax penalty for foregoing Obamacare.<p>I know this will likely not be well received here, but I thought I&#x27;d share my position for any who read this and wonder if they&#x27;re the only ones who understand it this way.