Five industry professionals tell the FT it is commonplace for risk modellers to be asked to change analysis in order to artificially lower prices

I also note that this includes stuff like states suing independent risk estimators

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[–] 2 points 2 weeks ago*

They... they know that its the job of insurance companies to actually price risks, put a $ figure on those externalities, right?

What, did they just... not listen to like 30 years of science and scientists?

Nah, that couldn't be, because then, capital markets would not actually be efficient or rational!

And that would mean capitalism is defintionally systemtically unworkable!

Pff, next somebody is gonna tell me regulatory capture is real, what a dumb idea!

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