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" ... The court first addressed risk-shifting. It noted that “insurance is a risk transfer device, that is, a mechanism by which the insured obtains protection from financial loss by paying the insurer a premium. . . . By paying a premium, the insured externalizes his risk of loss by shifting that risk to the insurer.” The court found that a meaningful risk of loss was transferred by the retained value policies. As the court explained, the lessors faced a significant business risk if the leased assets decline more precipitously than forecasted because the lease pricing formulas would generate substantial economic losses. Absent the policy, the insured would bear that entire risk of loss. But, with the policy, that risk was transferred to RVI to the extent insured. ... "