California
Welcome to /c/California, an online haven that brings to life the unrivaled diversity and vibrancy of California! This engaging community offers a virtual exploration of the Golden State, taking you from the stunning Pacific coastline to the rugged Sierra Nevada, and every town, city, and landmark in between. Discover California's world-class wineries, stunning national parks, innovative tech scene, robust agricultural heartland, and culturally diverse metropolises.
Discussions span a wide range of topics—from travel tips and restaurant recommendations to local politics and environmental issues. Whether you're a lifelong resident, a recent transplant, or planning your dream visit, /c/California is your one-stop place to share experiences, ask questions, and celebrate all the things that make California truly unique.
Related Communities:
Nearby Communities:
- California
- Bakersfield, CA
- Bay Area, CA
- Burbank, CA
- Fresno, CA
- Long Beach, CA
- Los Angeles, CA
- Oakland, CA
- San Diego, CA
- San Jose, CA
- San Francisco, CA
- Sacramento, CA
- Santa Clarita, CA
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Conservatives love talking about pensions funds needing to be solvent for decades...
But there's never a push that insurance companies need to have cash on hand.
They keep their money in investment accounts to make a profit on it, so how much they have varies at any given moment.
When large scale disasters strike and the market is down they're fucked. If they liquidate at the low price not only does it cost them money. At a large enough volume it excarbates the market being down.
Enough insurance claims at once and it could crash the whole economy.
People don't realize how many different ways we're fucked...
Yes, but they use reinsurance companies to spread the risk around the globe. The whole world economy might be down, but there is unlikely to be major insurance events in all countries at once. Covid claims could have broken that but most insurance decided not to cover it.