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Politics : Formerly About Advanced Micro Devices
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To: Road Walker who wrote (423752)10/8/2008 1:38:15 PM
From: Brumar89  Read Replies (2) of 1571436
 
No insurance company has the assets to back all the insurance they write.

Just a point to be made about the nature of insurance.

Insurance of things like homes is regulated because voters want the government to hold down insurance rates. But even regulated home insurers don't assets sufficient to cover all the insurance they have outstanding.
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