It could cost insurance companies $1.2bn for the bridge damages and millions more for the six deaths.
Archived version: https://archive.ph/cpwMp
It could cost insurance companies $1.2bn for the bridge damages and millions more for the six deaths.
Archived version: https://archive.ph/cpwMp
Insurance has overhead insurance for these things.
And if they don’t they should fail.
Yeah and these reinsurances are also insurance companies, so the statement “insurances could lose up to 3bn” is still right.
Even further: most losses are booked by reinsurance companies, cause prior insurances mostly don’t cover big sums on there own. It’s like “10 million for me and the rest for you.”