And I said
That could also mean $0.

I never said there was.

, yeah, i was worrying about my wallet, and the wallets of others that are going to be out of pocket because a PRIVATE enterprise failed and is getting bailed out. If it was Bob's Chip Shop down the road, you wouldn't give a fuck.
I did and came to a completely different conculsion than you.
If it crashes, the govt will bail them.
To keep it afloat, the govt MAY have to bail them, in which case a 3rd decent earthquake and the govt will either bail them again, or let them go to the wall. ad infinitum. Hey, they're in insurance, it's a calculation game right? Well what are your calculations telling you now about the potential for a 3rd crisis (not trying to be scaremongering, tis a calculation i'm sure the insurance industry have done. Otherwise there wouldn't be any problem getting insurance right now, would there?)
They stay in business and we carry on as normal. It may eventually go to the wall because people have lost faith in the ability of the provider to payout in the event of another crisis. It may be that customers stay Brand loyal. Like that's gonna happen where it's their money involved... but ya never know.
Pointless the govt getting involved in all of the above, IF (imho) the result is that the business is likely to go to the wall because of no confidence. What are your odds Oscar? Do you reckon a bailout will save them?
Instead. Let AMI go to the wall. Pay off as much as they can and let the govt take the assistance package of $1 billion (they said the figure, not me) and pay out those that aren't covered. It may be less than $1 billion. It could be $0. All that's lost is a business. We can all buy insurance somewhere else.
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