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Cake day: June 21st, 2023

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  • Do the insurance companies shield themselves by dividing into regional/state zones?

    Edit: also, because it seems it’d be safer to balance risk v reward across the whole country. (They also invest insurance money in the stock market where most of their profit comes from.) Although, I suppose it’d be easier to grift states of their money when it looks like a subsidiary is failing rather than just looking at the whole balance sheet instead.