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My alma mater, the University of Illinois, made a uniquely astute and prophetic move in 2017: it purchased a 3-year $60m policy to insure against a drop in Chin
by chrisin2d 6y ago
My alma mater, the University of Illinois, made a uniquely astute and prophetic move in 2017: it purchased a 3-year $60m policy to insure against a drop in Chinese student enrolment in case of a political or health event. They foresaw trouble and hubris from the current administration. Lo and behold...
- RickJWagner 6y agoWow. Great move for U of I, poor move on the insurance company's part.
- OldHand2018 6y agoI'd disagree. That's exactly what an insurance company is for. If they did their underwriting correctly, both sides are fine.
- axxl 6y agoSo, slightly more specifically it was the College of Business and College of Engineering only that did this. And since the policy expires June 1st of 2020 unless it got extended (couldn’t find any announcement that it did), I don’t know if the impact will have hit yet.