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That would bankrupt travel insurance companies.
by empath75 7y ago
That would bankrupt travel insurance companies.
- chii 7y agoIn other words, the insurance industry is a scam, because the trick you into thinking they cover it all, but in essence only cover the most meagre of situations. They _should_ get bankrupted, if they don't themselves buy insurance against being bankrupted!
- arrrg 7y agoInsurances can deal very well with bad things happening to an individual. Insurances cannot deal very well with bad things suddenly happening to everyone, all at once. That’s just an inherent property of insurances. I’m not sure there can be any other way.
- hnick 7y agoReinsurance exists for outlier events like this. It may well not be covered but insurance companies have their own insurance too.
- coding123 7y agoWe're going to need Re-reinsurance soon.