Comment on Does the USA simply have no food safety standard at all?
bobs_monkey@lemm.ee 2 weeks ago“A new car built by my company leaves somewhere traveling at 60 mph. The rear differential locks up. The car crashes and burns with everyone trapped inside. Now, should we initiate a recall? Take the number of vehicles in the field, A, multiply by the probable rate of failure, B, multiply by the average out-of-court settlement, C. A times B times C equals X. If X is less than the cost of a recall, we don’t do one.”
punkwalrus@lemmy.world 2 weeks ago
My wife was an insurance adjuster for a major company, and that’s EXACTLY how it goes.
shalafi@lemmy.world 2 weeks ago
Which company?