A Chinese firm bought an insurer for CIA agents
1–10 of 17 posts
Re: A Chinese firm bought an insurer for CIA agents
#2This is the funniest headline I've seen all month
Re: A Chinese firm bought an insurer for CIA agents
#3Geopolitics discussion question...
As a corollary, would the ~$1T of (mostly?) state-backed investments into the developed world then imply a fairly large exposure to potential asset forfeiture/freezing in the event of a Taiwan invasion (analogous to the ~$300B in Russian assets frozen pending Ukraine)?
Re: A Chinese firm bought an insurer for CIA agents
#4CIA gets insurance for their agents? That seems rather bizarre.
This seems to be specifically about liability insurance. If I'm for example a Chinese government employee working for the CIA, what kind of liability will this insurance cover?
Re: A Chinese firm bought an insurer for CIA agents
#5[dead]
Re: A Chinese firm bought an insurer for CIA agents
#6Geopolitics discussion question... As a corollary, would the ~$1T of (mostly?) state-backed investments into the developed world then imply a fairly large exposure to potential asset forfeiture/freezing in the event of a Taiwan invasion (analogous to the ~$300B in Russian assets frozen pending Ukraine)?
People assume China is an incredibly smart entity who won't make major errors like Western nations do, when everything we know tells us authoritarian regimes are more incompetent. I don't think it's so deep. They are an economic superpower with deep pockets and are not averse to taking huge risks. So far it's going their way. Another thing is that they can break half the world in a couple of months if they like. They even did it once already by accident.
Re: A Chinese firm bought an insurer for CIA agents
#7CIA gets insurance for their agents? That seems rather bizarre. This seems to be specifically about liability insurance. If I'm for example a Chinese government employee working for the CIA, what kind of liability will this insurance cover?
There’s literally insurance for everything you can think of. There’s even insurance for insurance!
It’s not a bad deal for either side. The CIA doesn’t have to pay if an agent does something naughty and the insurance company gets a standard income.
Just wait until you hear about employers taking out life insurance policies on their employees.
https://clark.com/insurance/has-your-employer-taken-out-life...
Re: A Chinese firm bought an insurer for CIA agents
#8CIA gets insurance for their agents? That seems rather bizarre. This seems to be specifically about liability insurance. If I'm for example a Chinese government employee working for the CIA, what kind of liability will this insurance cover?
There’s literally insurance for everything you can think of. There’s even insurance for insurance! It’s not a bad deal for either side. The CIA doesn’t have to pay if an agent does something naughty and the insurance company gets a standard income. Just wait until you hear about employers taking out life insurance policies on their employees. https://clark.com/insurance/has-your-employer-taken-out-life...
> The CIA doesn’t have to pay if an agent does something naughty and the insurance company gets a standard income.
But CIA agents are kind of inherently doing something naughty, and the CIA doesn't have to pay either way.
Who would the insurer be paying? The Chinese government? I don't think a Chinese CIA agent would be facing any meaningful financial liability if caught.
Re: A Chinese firm bought an insurer for CIA agents
#9I trust China more than I trust any US government agency. It was the US who was doing 'rendition flights' to kidnap random countries' citizens and then torture them nonstop. Some of those kidnapped still havent been released after 20 years.
Re: A Chinese firm bought an insurer for CIA agents
#10CIA gets insurance for their agents? That seems rather bizarre. This seems to be specifically about liability insurance. If I'm for example a Chinese government employee working for the CIA, what kind of liability will this insurance cover?
Standard FEPLI but also any USG employee stationed overseas needs the usual set of insurance policies, and specialist providers are familiar with the applicable laws (e.g., their computers don't insist on a local driver's license when there's a treaty allowing the subscriber to use their home country's).
https://www.clements.com/personal/foreign-service-insurance/