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Mutual insurance is closer to this setup. Policy holders are the main shareholders of the company. Issue is that most policy holders won’t be able to insure each other in Florida if most habitable areas of Florida will be underwater by 2050.
Mutual insurance is closer to this setup. Policy holders are the main shareholders of the company. Issue is that most policy holders won’t be able to insure each other in Florida if most habitable areas of Florida will be underwater by 2050.