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

  • 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.”