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When an insurance company goes banktrupt, the owners don't suffer. The customers suffer.
by nijk 13y ago
When an insurance company goes banktrupt, the owners don't suffer. The customers suffer.
- wsc981 13y ago"When an insurance company goes banktrupt, the owners don't suffer. The customers suffer." Not necessarily. Often another company will gladly buy the bankrupt company in order to take over the accounts. Also, for many types of insurance it's not that big a deal, customers might switch to another company and from the first payment they'd be able to make use of the new insurance policy.