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The Class Up of Reinsurance
There are ten thousand fires a year in california, and usually about ten of them cause 99 point eight % of the damage. But it doesn't mean that everybody should get dropped and everyone should have their ther rates. You now, five to ten ext unow some people should. And hopely government can support them in that. Some folks, it actually is o likat this. Is thisand you can see this in a lot of business, in reinsurance. It's called the class up. Post katrina, post nine 11 these were when the largest new reinsures were created in the last 20 years.