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Fire burns your house down, insurance is easy. Asteroid hits New York, insurance won’t pay out.
by hdgvhicv 1y ago
Fire burns your house down, insurance is easy.
Asteroid hits New York, insurance won’t pay out.
- lazide 1y agoOr in many of these scenarios, can’t pay out, because they’re bankrupt. The biggest issue with black swan events (in the proper usage) is everyone is screwed because no one saw it coming and/or it’s so widespread no one can do anything about it for individuals.