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Making insurance obligatory also would force companies to implement proper security to drive insurance premiums down.

I really like this idea and I wish the government actually cared enough to try it.

Too bad the current party in power has only one mandate: tear down everything the last guy accomplished.

Honestly this kind of idea would appeal to the MAGA crowd.

Would it?

I can imagine at least some companies would stop worrying about security since they are insured if something goes wrong.

That's when insurance companies make premiums depend on your security. E.g. (some (our)) home insurance premiums depend on the quality of your lock, etc. It's a case of let the market sort it out.

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