3 ms·
> Perhaps a sufficiently large insurer could dilute the risk of an earthquake destroying a large percentage of homes in Los Angeles by also covering large swath
by jdlshore 3y ago
> Perhaps a sufficiently large insurer could dilute the risk of an earthquake destroying a large percentage of homes in Los Angeles by also covering large swaths of other high-risk parts of the country or world.
This exists and is called "reinsurance."
- kevinventullo 3y agoOkay, then I suppose no one wants to reinsure the California Earthquake Authority as their condo unit policy only covers up to $100k and everyone else seems to flat out refuse earthquake coverage for a large building.