Readit NewsDeleted Comment
Deleted Comment
alex028502 commented on Did insurance fire brigades let uninsured buildings burn? tomscott.com/corrections/... · Posted by u/zinekeller
But then what is the incentive for anyone to get coverage if they know that any fires will be put out regardless...?
Unless the fire service is paired with insurance covering the cost of a rebuild? But I don't think the original fire services offered that.
> Furthermore, only buildings were insured – neither their contents, nor the lives of their occupants, were covered.
Yeah it sounds to me from the article like the insurance was for the rebuild, and the firefighting was something the insurance company did to reduce their payouts.
So I imagine if you didn't have insurance, you still were at more risk than if you did, similar to now, because the fire dept isn't going to save everything every time.
alex028502 commented on Did insurance fire brigades let uninsured buildings burn? tomscott.com/corrections/... · Posted by u/zinekeller
> South Fulton's mayor said that the fire department can't let homeowners pay the fee on the spot, because the only people who would pay would be those whose homes are on fire.
There must be a price that the fire department could theoretically charge if they were gonna always charge on the spot, and still make a profit, as long as there is some minimum number of fires.
Also it says that this TN guy had insurance. I wonder if it would have been worth his insurance company's while to make sure that $75 was always paid, either by paying it themselves, or making him pay it, or paying it and sending him the bill, and somehow making it a condition.. to protect themselves from having to pay out... as the London article is about insurance companies starting fire brigades themselves for that very reason
alex028502 commented on Did insurance fire brigades let uninsured buildings burn? tomscott.com/corrections/... · Posted by u/zinekeller
> South Fulton's mayor said that the fire department can't let homeowners pay the fee on the spot, because the only people who would pay would be those whose homes are on fire.
oops - by the time I recovered my password to post this excerpt, lots of other people already had
alex028502 commented on Did insurance fire brigades let uninsured buildings burn? tomscott.com/corrections/... · Posted by u/zinekeller
And here we are in modern times where we do, indeed, let buildings burn.
> No pay, no spray: Firefighters let home burn
> Firefighters in rural Tennessee let a home burn to the ground because the homeowner hadn't paid a $75 fee.
> South Fulton's mayor said that the fire department can't let homeowners pay the fee on the spot, because the only people who would pay would be those whose homes are on fire.
alex028502 commented on Earth now weighs six ronnagrams: New metric prefixes voted in phys.org/news/2022-11-ear... · Posted by u/leephillips
(I'm Indian.) Yes, India groups the first three digits and then subsequent groups are two digits, eg 12,34,56,789. So instead of hundred thousand it's lakh, and instead of hundred lakhs it's crore. We never learned any numbers above crore in school. I remember hearing about arab from other kids but never saw it used, and I never heard about the others you mentioned.
It's a shame they didn't want to go one more 00, because that nicely lines up with a billion
... Or milliard, or giga
Virtually every single bank failure that happens results in an M&A that is negotiated over a weekend.
Most recently Credit Suisse collapsed in March. UBS bought it on Monday, March 19, after negotiations began on Friday, March 16. UBS offered a price that was 60% lower than the Friday closing price. The deal was accepted.