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3min chapter
Reinsurance, Climate + Kindergarten Ventures (with Nat Manning)
ACQ2 by Acquired
Reinsurance
The way you write insurances, it's a geographically based rist. But in one neighborhood, all million dollar houses, one fire knocking down two streets could wipe out your entire first 200 million,. Part of that tower, and you're paying out. The worst year in history 20 17, about 20 thousand burnt down. And then everything after that was under five%. That's less than point one per cent every year.
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