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Originally Posted by WarChild
Why would I care at all about business leaving the USA? I'm not American. I'm not from the United States. It makes no difference at all to me.
There's a very good reason why you would run this type of business from a place like Bermuda. Reinsurance companies don't just collect premiums and sit on the money. They trade and invest those premiums for profit. Basing this type of company out of a location that doesn't have personal or corporate income tax just makes sense.
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And putting Disaster Relief costs into the hands of people outside the US, who gamble the money on the markets makes sense to you.
Seems I win and you lose. Unless you're going to tell us the markets are a sure fire winner for making money.
Quote:
Originally Posted by porno jew
and paul markham derailed yet another thread.
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No morons did that. Thinking putting all this into the hands of companies outside the US, who are clearly not equipped to deal with the costs and even some who think giving it to gamblers on the markets derailed this thread.