Re: $100 Million at NoblePoker
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The insurance part is big business. Haven't you ever seen at a local golf tournament where they give away a car for a hole in one? Anytime there is a huge amount of data and it is easy to determine the probability then you can find an insurance company willing to take the risk in return for the right premium.
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Yes, but it still comes down to eventually someone putting $100,000,000 on the line. I would want to know who that someone is to make sure they could pay up.
Big business or not, I don't believe there's too many companies (relative to all companies) that can afford a $100,000,000 cash flow out and still survive. Hell, I could back this offer, collect the couple million premium from Noble for it and then file for bankrupcy if it's hit.
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