Delaware rides inspected by insurance companies
Posted
Delaware relies on the ride operator's insurance company to conduct an annual inspection, and operators say they'd prefer to keep it that way. They say that the insurance companies have the most at stake, but critics disagree.
Read more from News Journal.
That actually makes sense. State inspectors are more likely to be bought off and don't have as much riding on their decision.
The problem is that there could be a park who is dumped by multiple insurers because their rides won't pass the insurers inspectors, so they go and look for a company who will pass them for inspection.
In a regular situation this can work fine, but when you get to extremes it might break down a bit. Still a good example of how capitalism can check itself.
You have to keep in mind that there is not that many underwriters who deal with the amusement industry. If you can't get a policy from them, you're out of business.
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