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Thread: What's the Impact of the China Quake
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[quote=JIMMYB,289277]"And to keep with this thread's theme, I just read that of the estimated $20 billion in damage this earthquake has probably caused, only about 5% of that is insured.' Jsummers83, that is why those insurance companies' shares fell after the earthquake happened. Many investors are afraid that those insurance companies will have to pay a lot of money to the victims. I just heard that some insurance companies had had decided to pay the bill for those victims. Really good! Actually, they didn't need to do so. This is what the condition in the contract says. On the other hand, two insurance companies (I couldn't remember their names) have announced to raise those orphans untill they are 18 years old. Applause for them![/quote]
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