so they pivoted to insurance fraud detection?
[you can downvote this to your little gung-ho-yc heart's desire, but the problem won't go away as easily]
[you can downvote this to your little gung-ho-yc heart's desire, but the problem won't go away as easily]
No doubt they'll need to hire some claims examiners. But if I say "omg, the person who stayed here last night has run off with my $30,000 necklace" then what evidence do I have to provide?
A police report, at the very least.
In a low-fraud world, it's probably cheaper for airbnb to insure against it themselves than to outsource that to somebody else. You don't insure against a large number of small losses, you insure against the possibility of one big loss -- this is why you buy car insurance but Avis doesn't.
By outsourcing the insurance to an insurance company it's not their problem. It's the task of the insurance company to assess the risk and Airbnb knows beforehand how much it has to pay.