Oh, they know it's real. Certainly, their actuaries do - hence rising premiums, more houses on coasts etc being uninsurable, etc.
But yeah, hopefully they behave well now. Somehow thinking they won't.
#maximiseprofitforshareholders #fiduciaryduty #needtofixthemarket
#maximiseprofitforshareholders #fiduciaryduty #needtofixthemarket