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Frazz by Jef Mallett for April 08, 2021
April 07, 2021
April 09, 2021
My vague understanding is that there is an entire sub-industry of re-insurance in which casualty insurance companies insure each other’s policies, thus spreading the risk across the entire insurance industry and preventing any major catastrophe from bankrupting anyone.
I don’t know if life insurance companies need to do that. After all, in any large population the death rate is fairly predictable. But what about during pandemics?