Highest insurance payout?
Discussion
What the highest insurance payout anyone has ever heard of? I was thinking that say a double decker coach (one of those 60+ seater ones) full of children was (god forbid) involved in an accident caused by someone driving a very small, very cheap car paying next to nothing for their insurance. Say (again, god forbid) that a couple dozen+ (all?) of the children were rendered disabled/in need of life long care...what stops the insurance company from being rendered bankrupt by one massive insurance payout for potential 100s of millions of pounds over a long period of time?
I know its a horrible thought, but this is bound to have happened at some point & was wondering if the insurance companies ever have a cut off point (I know I am covered by £20million this and £10million that fort various accidents/injuries I might sustain in an accident) for when the potential payout could render them bankrupt.
I know its a horrible thought, but this is bound to have happened at some point & was wondering if the insurance companies ever have a cut off point (I know I am covered by £20million this and £10million that fort various accidents/injuries I might sustain in an accident) for when the potential payout could render them bankrupt.
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