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> Buying insurance on something you already know is going to happen or not is fraud, plain and simple.

what's the statute, or regulation, please. i'm not aware of that.

We'd better all cancel our life insurance in that case.

Isn't that the definition of insurance fraud?

No, that would require making false statements or false assurances, neglecting to disclose information when asked, or stating something happened when it didn't. Buying flood insurance when you know it's going to rain isn't fraud.

No, you're not making a false claim (the flights did get delayed) nor did you cause the claim in the first place (you didn't cause the delay to the flight).

I fail to see how this is in any way fraudulent.

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