If a tornado knocks out a shopping center, a handful of grocery stores, all the hardware stores, lumberyards, and a handful of construction companies, we simply have less stuff to go around.
Basically, the Karfunkels, whom together about evenly split 49% of AmTrust shares, have made a fortune specializing in niche insurance products for small businesses, such as insuring the inventories of lumberyards and the tools of auto mechanics.