If every business made a claim the money would probably run out faster than toilet paper

I can’t see how insurance works if everyone who pays into it needs to make a claim at the same time

Posted By: Ben on March 17th 2020 at 07:43:06

Message Thread

so this is happening in France from midday - for '15 days' read 4 months (Coronavirus) - shoddy, Mar 17, 05:55:11
- Here’s French life with a little more freedom (Coronavirus) - Augustus Pablo, Mar 17, 08:09:11
- Unprecedented times ahead eh Shoddy? As a business man (some would disagree) I’d rather (Coronavirus) - Augustus Pablo, Mar 17, 06:54:13
  - If every business made a claim the money would probably run out faster than toilet paper (Coronavirus) - Ben, Mar 17, 07:43:06
    - Bingo (Coronavirus) - CWC, Mar 17, 08:26:58
    - Aye (n/m) (Coronavirus) - Augustus Pablo, Mar 17, 07:58:25
  - Insurance companies simply won't have the liquidity to pay all the claims though (Coronavirus) - duke of york, Mar 17, 07:37:01
    - They've vastly more liquidity than any small business. (n/m) (Coronavirus) - tudders, Mar 17, 10:53:38
      - Obvs, but not enough to pay out to them all (n/m) (Coronavirus) - duke of york, Mar 17, 12:20:41
    - Also feel sorry for folks who have saved hard in their pensions (Coronavirus) - Men without hats, Mar 17, 07:41:36
      - I’ve lost a load already but I’m a few years off yet,so I’m hoping they bounce back (n/m) (Coronavirus) - Augustus Pablo, Mar 17, 07:59:47
    - Agreed (n/m) (Coronavirus) - Augustus Pablo, Mar 17, 07:38:31
  - Chancellor is doing the press conference today. Assume he will announce (Coronavirus) - Jim, Mar 17, 07:28:23
    - Let’s hope so, I know we’re all experts(!) but what they announced yesterday was what (Coronavirus) - Augustus Pablo, Mar 17, 07:42:19

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