To: PeteB570
But the insurance company shells out a great deal more that was in the hands of the saving/investing class that ends up in the hands of the working class. Depending on who you are and what you do this can be good or bad economically.
1,491 posted on
09/10/2017 5:08:58 AM PDT by
Hieronymus
(It is terrible to contemplate how few politicians are hanged. --G. K. Chesterton)
To: Hieronymus
That assumes that the insurance industry can cover the losses. I have read some speculation that the losses may be so substantial that the Federal Govt may have to bail them out.
1,503 posted on
09/10/2017 5:26:30 AM PDT by
independentmind
(Sticks and stones will break my bones, but words will never hurt me.)
To: Hieronymus
And for the homeowner it’s increased insurance rates for years to come.
1,514 posted on
09/10/2017 5:34:54 AM PDT by
PeteB570
( Islam is the sea in which the Terrorist Shark swims. The deeper the sea the larger the shark.)
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