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Originally Posted by SITN2LOW NEON
dont insurance companies HAVE insurance....so basically if someone they insure gets sued for a million, they go to the insurance company, which goes to there insurance company,and so on..... basically there never really out that much....i thought i read that somewhere....
lee
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yeah thats basically how it works. theres a company in the states called Berkley that owns 90% of the insurance companies that were hit on September 11th. the company annually banks $4billion towards a "rainy day" fund, and the sept11th damages only came to $1billion or so.
they walked away laughing.