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santafe2

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santafe2

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Re: jbsliverer post# 106715

Wednesday, 07/12/2023 5:00:24 PM

Wednesday, July 12, 2023 5:00:24 PM

Post# of 111181
This reminds me of what happened to earthquake insurers in CA during the mid-90s. They either left or went bankrupt and the state took over earthquake insurance. People and institutions holding mortgages will be in for a big surprise if there's a serious quake as only ~10% of home owners carry it even though the great majority of US quakes happen in CA.

Rule #1, Don't lose money. Rule #2, read rule #1. - WB.

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