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Private insurance can and generally withstands large calamities (known as natcat losses) without government intervention via the utilisation of global reinsuran
by michaeljx 2y ago
Private insurance can and generally withstands large calamities (known as natcat losses) without government intervention via the utilisation of global reinsurance organizations. Especially for earthquake, a properly reinsured insurance can cover a large earthquake loss about once every 15-20years
- sangnoir 2y agoRe-insurers also re-calibrate their rates, which may mean private may be effective ... until the first big disaster whereafter the re/insurance premiums become eye-watering.