5,231 karma · joined June 16, 2011
Insurance agencies serve primarily as vendors, customer service, etc., but the risk is carried by the CEA. The remaining 1/3 of policies are carried by a few private insurers who still underwrite policies.
In theory, that system should prevent insolvency. Remember that California is a huge state and even a very strong earthquake would still have fairly localized damage. For example, the 1906 earthquake (Richter 8.0) that levelled San Francisco did comparatively little damage to Petaluma, a city 40 miles to the north.
For example, if you look up "boiling." You might expect to read about what happens to a liquid when it's heated to a certain temperature, or perhaps a way of cooking foods, or sterilizing equipment. But the entry covers none of those. Instead, the only entry for boiling describes a punishment for persons convicting of poisoning who were, in England, dipped into a large cauldron of boiling water.
And, in the ways that violence and torture were wantonly reveled in centuries ago, they wouldn't just submerge the criminal and let him die there. Instead, they would lower him into the boiling water for a while and then pull him out. They'd repeat the process until eventually they finally killed him. That is the EB 11 ed entry for boiling. Yow!
(I know that doesn't directly answer your question, but it does articulate a necessary pre-condition, and one that is hard for businesses entering a new line of service to deliver--although not impossible, of course.)
We just crossed 5,000 commits. Also, we take testing very seriously: our test code base is presently 160% the size of our production code.
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