This is how we will lose this war. 'Everyone knows it is fake', probably the authorities too. But dealing with it in modern bureaucracy will take years, by which time another fake insurer is up and running.
Ships are sailing with fake insurance from the Norwegian Ro Marine
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Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
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Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
#13Earlier quoted context omitted.
Anything not validated by NATO/ USA is fake, rest of the world should adhere to their terms and definitions as the high seas are owned by them
Definitely no. The "fake" here is about certainty that no insurance payout would occur in case of issue, meaning for example an oil tanker accidently dumping tons of black goo onto some english seaside resort, no compensation would come out of anywhere.
How reliable is liability insurance for that sort of thing, generally speaking?
Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
#14This is how we will lose this war. 'Everyone knows it is fake', probably the authorities too. But dealing with it in modern bureaucracy will take years, by which time another fake insurer is up and running.
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Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
#15[flagged]
Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
#16Earlier quoted context omitted.
Definitely no. The "fake" here is about certainty that no insurance payout would occur in case of issue, meaning for example an oil tanker accidently dumping tons of black goo onto some english seaside resort, no compensation would come out of anywhere.
How reliable is liability insurance for that sort of thing, generally speaking?
Quite. The real insurers are large, old, and have long made a name for themselves in this regard. https://en.wikipedia.org/wiki/Lloyd%27s_of_London
Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
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Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
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Re: Ships are sailing with fake insurance from the Norwegian Ro Marine
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