Librarians have a tendency to research those topics that peak our interest. I am no exception.
I came across an article entitled "Most Fearful? Its the Swiss" by Aline Sullivan. (International Herald Tribune, 18 March, 1995.) Although the article is old, it still has some relevant points.
The pattern of insurance buying does appear to vary hugely between countries, however. For example, the litigiousness of Americans means that third party liability insurance of various kinds is enormously popular. Directors will often refuse to accept jobs unless they are covered by directors and officers liability insurance, which covers them against lawsuits from shareholders and others. The risks are very real.
In Japan and Switzerland, lawsuits of this kind are virtually unknown. The high insurance expenditure of the Swiss and the Japanese does genuinely appear to derive from a deep fear of risk.
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