I'm not talking about a bailout of BP. I'm talking about a bailout of the US insurance industry, e.g. AllState, StateFarm and the like. The
reininsurers as well. I can easily see how they will not be able to meet obligations as most of them are'nt sitting around with several $bn in cash
due to the nature of their investment portfolios.
If I was living down there and had a claim, I would get that claim in ASAP.
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