> and in insurance? how often does the house lose? That’s why the house has actuaries and analysts to tell them that their bets in Florida are too highly corre

> and in insurance? how often does the house lose? That’s why the house has actuaries and analysts to tell them that their bets in Florida are too highly correlated to each other, and they have risk of bankruptcy. So they leave the state. Similarly, I imagine we’ll see tests of insurance companies’ risk analysis when California has a significant earthquake.