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Originally Posted by willravel
Good question. This is my response to the hypothetical insurance fraud (thus suggesting that my response is equally hypothetical):
Insurance companies have added "terrorism" to the insurance of tens of thousands of buildings across the world. That means that their income for decades to come has been notably increased across the board. Spend $100 million now, and rake in $12 billion over the next 10 years.
It would be an investment.
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as an industry, yes, as an individual business, no. the company that insured the WTC has to pay out several billion dollars (Google says 3.5 to 4.6 billion), and will not see all of your theoretical $12 billion (could be even more), if they don’t go under from the massive payout, they may eventually break even, but it wont be for several years, if not decades, by then the climate of the world could change dramatically, and make the entire 'plan' fail, as an avid investor, its to much of a risk for me to even think of trying.