We rarely see bank runs since the advent of Federal deposit insurance, but runs on life insurers and mutual funds do occur even though claimants have pro rata claims in the event of default. Why do these runs still occur?

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The Answer of We rarely see bank runs since the advent of Federal deposit insurance, but runs on life insurers and mutual funds do occur even though claimants have pro rata claims in the event of default. Why do these runs still occur?

We Rarely See Bank Runs Since the Advent of Federal