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What happened to Insurance Securities Incorporated San Francisco?
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What happened to Insurance Securities Incorporated located in San Francisco in the 1960s?
Interesting how they went belly up just around the time many of the trusts were at full maturity. The one I have shows Pacific National Bank in San Francisco as the issuer. They are apparently still in business.
When did Warfare Incorporated happen?
Warfare Incorporated happened in 2003.
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Damage Incorporated happened in 1997.
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When did Francisco's Fight happen?
Francisco's Fight happened in 1781.
What happened in San Francisco in the Sixties?
The Summer of Love happened in San Francisco in 1967, when thousands of hippies met there.
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Old San Francisco happened in 1906.
What happened in 1906?
The San Francisco earthquake
What would happen if for some reason thousands of insured people die at the same time?
You might think this a hypothetical, but it's not: big hurricanes, tornadoes, forest fires and other natural disasters cause insurance companies to be hit with thousands of claims at the same time. In Hurricane Katrina, 1833 people died and a lot of them were insured. Insurance companies invest premiums paid to them in various kinds of securities, and use the earnings from those securities to pay claims. An insurer that's been around for many years, like The Hartford, has a massive investment portfolio. They can sell some of those securities if a Katrina or an Andrew happens. It's conceivable that a really huge disaster could wipe out a well-established insurance company (and likely one will wipe out an insurer that's on shakier ground) but the longest lasting insurance companies employ people who work very hard to reduce the company's risk. AFTER the disaster is a different story: in a lot of cases, an insurance company will stop selling insurance in a state where a huge casualty happened. This happened in Florida after Hurricane Andrew.
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Battle of San Francisco happened on 1879-11-19.
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