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30DaysOfJumpFatigue t1_j294v42 wrote

Reply to comment by 30DaysOfJumpFatigue in Progressive: The Valuation Enigma by 2ndSifter

ok having read some of this dd.. do they have to pay claims if everyone they underwrote looses their home or car to default? Nope. I wonder how that affected Ins. co's in 2008?

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2ndSifter OP t1_j295i03 wrote

Oddly, insurance companies began falling in 2006, when the collapse actually started. This is because the number of homes available for sale/insurable was cresting

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