Terra Nova: Insurance for Virtual Goods

Insurance for Virtual Goods

China brings us the world's first insurance policy covering online game goods. Thanks to James "Pidge" Fielder for the tip.

I was tempted to say this was insurance for virtual goods, but there has always been coverage for intangibles. If, God forbid, America Ferrara were to lose her smile! Insurance itself is a virtual good.

The evidence piles up that Professor Fairfield was correct in 2005 when he argued that virtual property is pretty much just property. It can be lost; when loss is large and random, it will be insured.

Source: http://terranova.blogs.com/terra_nova/2011/07/insurance-for-virtual-goods.html

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