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A group of 37 business owners in Cascadilla Falls is considering forming a cooperative insurance company to provide themselves with liability insurance. The likelihood of
A group of 37 business owners in Cascadilla Falls is considering forming a cooperative insurance company to provide themselves with liability insurance. The likelihood of any of these business owners having a liability claim in any given year is very small, but if a claim is made, it could be for a very large amount of money. Is their plan reasonable?
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