It could cost insurance companies $1.2bn for the bridge damages and millions more for the six deaths.

It could cost insurance companies $1.2bn for the bridge damages and millions more for the six deaths.

Archived version: https://archive.ph/cpwMp

  • Kairos@lemmy.today
    17·
    3 months ago

    Insurance has overhead insurance for these things.

    And if they don’t they should fail.

    • Yrt@feddit.de
      16·
      3 months ago

      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.”