roachboy

cimmaron: i have a meeting in a minute, so will just say that i misunderstood jazz's initial post. it may have just been my oversight or maybe the sentences didn't link overall capacity to pay to specific risk limits on specific policies--i don't remember. but there was something wobbly up there. it's better now. gotta go.

edit: actually my meeting was postponed. so. the initial post jazz made read to me as though there was a market-wide mechanism of some kind that enabled insurers who had taken on policies with very high degrees of risk (and presumably accompanying that high returns) to be confronted with a clusterfuck situation (that's the technical term) and throw up their hands, arguing effectively that we just can't pay that. the next post cleared it up...i think my confusion followed from not thinking like someone who knows insurance as a bidness so not being able to fill in detail in that way. clearer now tho. thanks.

__________________
a gramophone its corrugated trumpet silver handle
spinning dog. such faithfulness it hear

it make you sick.

-kamau brathwaite