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Joined 5 months ago
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Cake day: October 2nd, 2025

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  • Yeah that’s not how insurance works. Or rather, that will work until it doesn’t. The reason insurance companies tend not to be local (except for places like Florida where the normal companies all pulled out) is because if an insurance company is local like that, eventually a large disaster happens against the relatively low odds and then there aren’t enough other policy holders to diffuse the payout, so the company goes under. To stay afloat they generally need to pool risk both across types of risk and geographically.