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Politics : Formerly About Advanced Micro Devices
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To: Brumar89 who wrote (423798)10/8/2008 2:38:17 PM
From: Road Walker  Read Replies (2) of 1571408
 
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.

What an idiot. Of course they don't have assets to cover 100% loss on all their policies. But they are one of the most severely regulated industries because they have to have reasonable reserves. Or they get shut down by the government.

You want to get insurance from an unregulated insurance company that may or may not be able to pay your claim?
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