Reminds me somewhat of when Paul Bremer, Bush Jr's "vice-roy" in Iraq, decided to disband the Iraqi Army overnight, leaving tens of thousands of heavily armed Iraqis stranded without a job or source of income. IIRC, that's how the Iraqi insurgency started.
manxu
joined 1 month ago
Million, not billion. But the 20% deductible probably means that insurers can't get that money, because the way it's stated they'd have to pay out more than 20% of their (total) premiums for coverage to begin.