The entire point of this issue is that AOL chose to self-insure. That means ther... | Hacker News

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		lutusp on Feb 9, 2014 \| parent \| context \| favorite \| on: That “distressed baby" Tim Armstrong blamed for be... The entire point of this issue is that AOL chose to self-insure. That means there was no insurance company.

ars on Feb 9, 2014 [–]

They should have gotten secondary catastrophic insurance. I.e. only for claims over some dollar amount, which are very rare and very cheap to insure for.

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