Thank you for shining light on the dark underbelly of insurance. I had this notion that insurers are all very conservative and eschew risk outside of their chosen field. It is a frightening thought that just when we have an economic down turn, say a bubble bursting event, the insurers may also go belly up if a catastrophe occurs. I guess CA people have to redouble their prayers that there won’t be a 7+ earthquake or wildfires during next few years! (and FL folks should pray for fewer Cat5 hurricanes)
