— relied around the researchers To guage their exposure. In the event the experts increased the probability of catastrophic storms, S & P and Moodys demanded the insurance plan businesses increase more cash to include their suddenly more possible losses. And so In combination with the greater than $40 billion they had lost in Katrina, the insurance plan businesses, by edict on the rankings agencies, necessary to elevate $eighty two billion from their shareholders just to maintain their financial commitment-grade ranking. And instantly they weren’t so keen to reveal themselves to losses from hurricanes.
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