3 ms·
It's worse (as in, more complex; better for the public, I guess) in that damages will be so big reinsurers are going to take a huge hit; they're probably not us
by baq 3y ago
It's worse (as in, more complex; better for the public, I guess) in that damages will be so big reinsurers are going to take a huge hit; they're probably not used to that.
- Elkekec 3y agoThe exposure of insurance and reinsurance depends on the amount the ship was insured for (and there is a limit to that).
- mschuster91 3y ago> damages will be so big reinsurers are going to take a huge hit; they're probably not used to that. Nah, the re-insurances actually are used to big hits. Munich Re, one of the biggest in the world if not the biggest, pays out billions of dollars a year from nature disasters [1]. [1] https://de.statista.com/statistik/daten/studie/200297/umfrage/schaeden-aus-naturkatastrophen-der-munich-re-rueckversicherung-seit-2006/ https://de.statista.com/statistik/daten/studie/200297/umfrag...