01-10-2025, 01:19 PM
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CC Member
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Join Date: Jan 2009
Location: Las Vegas,
NV
Cobra Make, Engine: Shelby CSX4005LA, Roush 427IR
Posts: 5,655
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Not Ranked
Quote:
Originally Posted by Buzz
^^^
This X 100!
I've witnessed some real devastation from hurricanes in my lifetime, but this destruction just boggles the mind. I really feel for the people losing their homes and possessions to the fires, while the insurance company execs are all in a huddle to figure how they can protect their precious profits and avoid paying out desperately-needed claims.
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Some of these insurance companies will not have enough reserves to pay out their claims. They will have re-insurance which is insurance insurance companies buy. Warren Buffet's Berkshire Hathaway Reinsurance is one of the largest.
Many companies anticipated the loss risk and stopped selling in CA... The number I saw today was a snapshot in time early this morning but at $20B+. It'll only get bigger...
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Cheers,
Tony
CSX4005LA
Last edited by twobjshelbys; 01-10-2025 at 01:24 PM..
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