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froginbog t1_j8drc4l wrote

Reply to comment by doodle77 in NYC Taxpayers Paid More Than $500 Million to Settle Crash Claims Involving City Vehicles by TinyTornado7

Isn’t this just liability? Ie not including insurance

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oreosfly t1_j8gogh4 wrote

The city sets aside its own funds to pay out claims.

It is usually cheaper for large companies and organizations to self insure than it is to buy private policies.

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