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Old 12-26-2012, 01:34 PM   #684
DenverBrit
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The concept of gun owner liability insurance is gathering momentum.


Quote:
Gun control
Insurance policy

Dec 26th 2012, 14:45 by M.S.

NOURIEL ROUBINI, a guy who knows a lot about risk, tweets in favour of mandatory liability insurance for gun owners: http://tweetwood.com/Nouriel/tweet/283912306671366144

If we had liability insurance on guns, as we do 4 cars, we will see which insurance company would insure at which price folks with arsenals

It's an idea that seems to be gathering a bit of steam. At Forbes.com, John Wasik lays out the logic behind treating firearm deaths as a market externality to be compensated via insurance, as we do with cars: "Those most at risk to commit a gun crime would be known to the actuaries doing the research for insurers... An 80-year-old married woman in Fort Lauderdale would get a great rate. A 20-year-old in inner-city Chicago wouldn’t be able to afford it. A 32-year-old man with a record of drunk driving and domestic violence would have a similar problem." Robert Cyran and Reynolds Holding write that mandatory liability insurance is a measure that could pass Supreme Court muster where other restrictions might fail: "[T]here’s a strong argument that damage caused by firearms gives the government a 'compelling interest' to require insurance, the test for infringing a constitutional right."
More.........http://www.economist.com/blogs/democ.../gun-control-0

Last edited by DenverBrit; 12-26-2012 at 01:37 PM..
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