Just finished reading an article: “Breaking the Rules” by John Stossel. The article discusses various rule breakers and how their actions are changing the world. When you think about it, great changes start with rule breakers. The United States’ origin is based rule breaking: Remember that “No taxation without representation? Against the rules in the 1700s.
No, I’m not encouraging to not pay your taxes, I encouraging you to think differently.
Equipment breakdown reinsurance is the traditional model for your traditional “boiler” exposure. While considering other options isn’t breaking rules, it does have a feel of breaking the rules. So I ask you, which is it? Rule breaker or innovator?