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2004-08-27 Europe
German insurers cut terror coverage
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Posted by Seafarious 2004-08-27 10:47:40 PM|| || Front Page|| [3 views since 2007-05-07]  Top

#1 Well...Well Germany,what goes around, comes around; or as Darth Vader would put it: "Your lack of faith is disturbing...You will "PAY", in your insignificant rebellion!" I guess staying out of the war didn't help.
Posted by smn  2004-08-27 1:13:30 AM||   2004-08-27 1:13:30 AM|| Front Page Top

#2 All insurance policies have a clause about not paying for acts of war; they've just defined "war" - even if Germany hasn't declared one - for future policies.

Sounds like the German insurance companies not only realize there's a war on, they think it will come to them.

Now if we could only get the Dems here to realize it....
Posted by Barbara Skolaut  2004-08-27 9:01:12 AM||   2004-08-27 9:01:12 AM|| Front Page Top

#3 In the past "terror acts" were understood as plane hijacking or the like. War, civil war and other unrest was excluded before. It's logic to include attacks with WMD, and only fair because any company would immediately be broke, if they had to pay out life insurances after a WMD attack.

Nuclear accidents weren't covered either before.
Posted by True German Ally 2004-08-27 3:22:42 PM||   2004-08-27 3:22:42 PM|| Front Page Top

#4 Well hell, there goes the (direct) profit motive! Think some of the Bad Guyz dabble in the stock market - since they influence prices? Sure - I'll bet there are front groups, relatively legit and espectable, who get some dirty money and launder it through the market. Short!
Posted by .com 2004-08-27 3:35:47 PM||   2004-08-27 3:35:47 PM|| Front Page Top

#5 Your time is up .com!
Posted by Abu Soros 2004-08-27 5:02:47 PM||   2004-08-27 5:02:47 PM|| Front Page Top

#6 And then there are the currency markets, Abu. Selling Dollars short, eh? Go ahead, pull out your US passport, Abu - note that it's now on the shit list - and when it expires, you'll never get another. Think: Deep Cavity Searches. ;->
Posted by .com 2004-08-27 5:08:26 PM||   2004-08-27 5:08:26 PM|| Front Page Top

#7 Hey! Abu gotta eat man!
Posted by Abu Soros 2004-08-27 5:45:47 PM||   2004-08-27 5:45:47 PM|| Front Page Top

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