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Insurance companies are insured against big payouts (reinsurance). As long as it’s not the literal apocalypse, they will pay.
by goerz 7y ago
Insurance companies are insured against big payouts (reinsurance). As long as it’s not the literal apocalypse, they will pay.
- DuskStar 7y agoLA getting "the big one" would be a hell of a local apocalypse, at least.
- smileysteve 7y agoIn "A Tale of 5 Crashes" the gold requirements from fire insurance in San Francisco in 1906 caused the increasing of rates in England