As someone who works in the industry I'd say due to reinsurance lines (which spreads every insurance companies losses to other insurance companies operating in the same state) - the government will just perform a backdoor bailout via the reinsurance lines.
Or an out of court settlement without admission of wrong or disclose
As someone who works in the industry I'd say due to reinsurance lines (which spreads every insurance companies losses to other insurance companies operating in the same state) - the government will just perform a backdoor bailout via the reinsurance lines.