09-11-2005, 05:42 PM
Occhidiangela,Sep 11 2005, 10:56 AM Wrote:Then let every shareholder, board member, and executive in that company cough up the dough to make the difference for their claims. And let them go under once every nickel is paid out to policy holders.
There are reserve requirements. There is massive regulation for insurance companies. Their busniess is risk and risk mitigation.
There is no free lunch, there is no security, there is no entitlement.
Occhi
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I am tossing out random numbers here, so don't rake me over the coals... But if you have an insurance company worth say, 750 million dollars and you get nailed with say, 5 billion dollars in claims, how do you pay that?
Sounds like some kind of Ponzi scheme if you ask me.
But I don't know enough about this sort of situation to make judgements.
All alone, or in twos,
The ones who really love you
Walk up and down outside the wall.
Some hand in hand
And some gathered together in bands.
The bleeding hearts and artists
Make their stand.
And when they've given you their all
Some stagger and fall, after all it's not easy
Banging your heart against some mad buggers wall.
"Isn't this where...."
The ones who really love you
Walk up and down outside the wall.
Some hand in hand
And some gathered together in bands.
The bleeding hearts and artists
Make their stand.
And when they've given you their all
Some stagger and fall, after all it's not easy
Banging your heart against some mad buggers wall.
"Isn't this where...."