WTC deemed more than 1 event..............

[Deleted User X18H]

........prepare for massive redundencies in the London Reinsurance and insurance communites if jury verdict up held............whats the average Brighton salary again.

 

[tedebear]

explain?

 

[Rangdo]

Are you talking about the Word Trade Centre disaster? If so then it was more than one event. There were two planes.

 

[Lokki 7]

There were two planes.

You don't say?

 

[Deleted User X18H]

In short the owners can claim to thier maximum recoverable for both buildings for arguments sake $100 million per building as opposed to $100 million for the entire loss a proportion of both buildings if the policy states any one occurance or incident.

 

[tedebear]

ahhh I see - presumably that will be American insurance companies paying out? or are these insurance companies with global empires which is why the UK market will be affected? (or is that effected can never remember...)

 

[Marshy]

re-insurance being the key word...

 

[Rangdo]

You don't say?

I was being sarcastic but it is actually true. Check it out I'm not lying.

 

[Deleted User X18H]

The london market companies reinsure the American Insurance companies ie they take on a proportion of the risk with the original insurer retaining a proportion and cedeing the rest to London Market reinsurers a bit like a bookie laying off a bet.

 

[Marshy]

Very well put HB&B brought back a few memories that !

 

[Lokki 7]

it is actually true. Check it out I'm not lying.

Oh my god! I did and you are right!
Next you will be telling me Iraq was invaded in order to secure America's oil supply and generate multi-billion dollar contracts for its domestic companies (with directors in the administration)!

 

[Deleted User X18H]

Very well put HB&B brought back a few memories that !

Good lad ...............what memories of the Burrell or the Serge (as was) for lunch or 'will Jonathan French please go to the bar' or even the Christmas snog fest a Claire Hall

 

[Rangdo]

Next you will be telling me Iraq was invaded in order to secure America's oil supply and generate multi-billion dollar contracts for its domestic companies (with directors in the administration)!

Maybe I will. Watch this space

 

[Lokki 7]

 

[Rangdo]

Hang on, I've looked in to it. Turns out it was to free the people of Iraq and search for weapons of mass destruction. Sorry, my mistake. Who'd have thought it eh?

 

[Lokki 7]

Oh thank god for that! You had me worried for a minute there. I can now go back to being proud and trusting, of the morally pure leaders of the free world.

 

[Yoda]

That might explain it.

WTC where I work is Working Tax Credit.

 

[looney]

Oh my god! I did and you are right!
Next you will be telling me Iraq was invaded in order to secure America's oil supply and generate multi-billion dollar contracts for its domestic companies (with directors in the administration)!

Haliburton had the contracts in Iraq in the 1990's, this is a common leftwing myth.

 

[Lokki 7]

Haliburton had the contracts in Iraq in the 1990's, this is a common leftwing myth.

Your point being... that Haliburton did not benefit from the invasion? Yeah right.

 

[Marshy]

Good lad ...............what memories of the Burrell or the Serge (as was) for lunch or 'will Jonathan French please go to the bar' or even the Christmas snog fest a Claire Hall

Happy Days