Insurance is an unnecessary evil

I'm from a country where the concept of insurance is unheard of and completely impractical in the current state of affairs. When I came to the United States, I was surprised at the amount of money spent on insurance and was annoyed by the laws which require minimum insurance.

And when I look at the insurance companies who own most of the tall buildings in major towns, I wonder to myself - what have they done to deserve this ? And the only answer I can think of is - to play with human fear.

Have you paid for the Y2K insurance yet ?
Arun Sharma