Thursday, May 06, 2010

Don't Pay Your Fare On The Subway? There's Insurance For That - Planet Money Blog : NPR

Don't Pay Your Fare On The Subway? There's Insurance For That - Planet Money Blog : NPR
"Groups of free riders on the Paris Metro have created informal insurance pools that pay the fine when riders get caught. The groups call themselves mutuelles des fraudeurs -- fraudster mutuals.

The fraudsters pay into a into a central fund. Then, whoever gets caught riding for free can draw from the fund to pay the fine, which starts at about $75.

Insurance costs about $10 a month...."

Quite funny but a great example of insurance. Will likely be used in class next year! lol...

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