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My neighbor told me that he doesnt worry about the financial solvency of his auto insurance company because it is a global i

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In my opinion, this is not an accurate statement and the neighbour must be concerned because the finanicial solvency of auto insurance company in one state is looked very seriously and due to a strong cross border supervision, any such incident in one state is recorded in other states as well due to strong intelligence system and cross border supervision mechanism. Hence the neighbour must not be under the impression that his business won't be affected in other states due to this incident, since everything is interlinked and the finanicial solvency of auto insurance company in one state means that other states will also take the matter seriously and might declare the company financially solvent as well. Hence the neighbour must be worried and find a solution to this problem.

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