$100 Million at NoblePoker

[IggyWH]

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B. Compare to the risk of natural disasters, AIR Worldwide earlier estimated insured losses in the Katrina-hit states in a range of $17 billion to $25 billion. These figures cover wind and rain damage and some flooding, AIR Worldwide said.

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And sadly for those victums, a lot of those insurance companies will go broke before victums receive a fraction of their claims.

[Jimbo]

[ QUOTE ]
[ QUOTE ]
B. Compare to the risk of natural disasters, AIR Worldwide earlier estimated insured losses in the Katrina-hit states in a range of $17 billion to $25 billion. These figures cover wind and rain damage and some flooding, AIR Worldwide said.

[/ QUOTE ]

And sadly for those victums, a lot of those insurance companies will go broke before victums receive a fraction of their claims.

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Evidence please?

[Chadt74]

Berkshire Hathaway has been taking insurance policies that noone else would for years. Primary owner of Berkshire Hathaway Warren Buffet he could put $100M on his credit card as it is less than 1% of his net worth...

http://www.forbes.com/finance/lists/...atatype=Person

Point is Insurance companies have HUGE assets check out AIG with $48 billion of cash on their balance sheet.

Insurance companies can come up with $100M and the other poster is right, most of those "$1 million dollar shots/passes" are covered by a one time fee of $20K or something like that.

[Thythe]

Kramer : It's just a write off for them.
Jerry : How is it a write off?
Kramer : They just write it off.
Jerry : Write it off what?
Kramer : Jerry all these big companies they write off everything
Jerry : You don't even know what a write off is.
Kramer : Do you?
Jerry : No. I don't.
Kramer : But they do and they are the ones writing it off.
Jerry : I wish I just had the last twenty seconds of my life back.