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Sounds like the car insurance companies should have taken out policies for sudden events beyond their control. Other types of insurance companies do so; For ex
by themaninthedark 3y ago
Sounds like the car insurance companies should have taken out policies for sudden events beyond their control.
Other types of insurance companies do so; For example, State Farm might take out a policy to backstop their cash reserves where the terms are if they exceed over $100million in claims in a 2 week period of time.