4 ms·

They are typically exempt in case of natural disasters, war, force majeur, nuclear effects, and a well-thought-out plethora of tail risk events.

• juskrey 7y ago
  Yes, to be exempt from tails is basically the definition of their business.
  • Chris2048 7y ago
    Whose business? Those that don't cede such risk to larger entities?
    • juskrey 7y ago
      And larger entities, I guess, are connected to some extraterrestrial gold source, right?
      • Chris2048 7y ago
        no, they have limits. They still insure those types of risks (natural disasters, etc).
      • deleted 7y ago
        [deleted]
• Chris2048 7y ago
  Some (re-)insurance companies specialise in exactly these kind of things.