Comment on Insurance loss for US bridge collapse could hit $3bn
LodeMike@lemmy.today 7 months agoInsurance has overhead insurance for these things.
And if they don’t they should fail.
Comment on Insurance loss for US bridge collapse could hit $3bn
LodeMike@lemmy.today 7 months agoInsurance has overhead insurance for these things.
And if they don’t they should fail.
Yrt@feddit.de 7 months ago
Yeah and these reinsurances are also insurance companies, so the statement “insurances could lose up to 1.3bn” 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.”