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Insurance is often a legal requirement.
Models in the past may have sometimes predictied trends, but they get it wrong and companies go bust because of it.
Many companies suffer due to legislation changes when chemicals are discovered to be toxic, when hurricanes cause cities to flood out etc.
Global and local ecconomic, political, ecological, geological, biological and environmental factors play a significant role.
Since that happens, your models are too simple and therefore you are scamming clients. |
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