In some societies, typically Islamic, there is no strong concept of insurance; it is more a case of retribution/justice/compensation via "direct means", such as blood money.
Wiki doesn't say much about this terminology in fact (I feel let down by Wiki!!):-
Blood money - Wikipedia, the free encyclopedia[/QUOTE]
I know this is an old thread but I feel the need to reply here, I cant let something that sounds like an unfounded claim stand especially in this context.
The quote about societies seeking blood money seems to target Muslim countries and I feel I have to answer. In countries where Sharia Law (islamic law) is applied, they still have civil law concepts governing businesses such insurance, banking (minus interests), commerce etc.
I know because I lived an worked there. The link to Wikipedia specifically says it applies to "Murder" Murder is killing people intentionally - not by accident.
And yes in some societies when you kill people on purpose they kill you, can you think of countries that do that? i can, USA is one of them...so forgive me if I feel that Muslims are unfairly targeted for harshly punishing "intentional murder"
it is a matter of local public policy and some countries dont want to make it about money otherwise rich people will feel comfortable getting rid of people they don't like and pay their way out of it.
Those countries have their issues but insurance and how it applies to accidents isn't one of them.
Finally, wikipedia is not a source. If there is an actual academic/legitimate source for this claim or first hand knowledge experience we would like to see it. thanks!
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