ain\’t never going to happen. Katrina was an earnings event, not a capital event. And, there is plenty of private reinsurance available. Free market types in Congress and the administration (particularly Treasury) will go to the mat to prevent such an Allstate bail-out bill.
ain\’t never going to happen. Katrina was an earnings event, not a capital event. And, there is plenty of private reinsurance available. Free market types in Congress and the administration (particularly Treasury) will go to the mat to prevent such an Allstate bail-out bill.