SailNet Community - View Single Post - Preemptive Strike
View Single Post
Old 05-24-2011
BentSailor's Avatar
BentSailor BentSailor is offline
Senior Member
Join Date: Nov 2010
Location: Central Coast, NSW
Posts: 9,963
Thanks: 1
Thanked 21 Times in 19 Posts
Rep Power: 5
BentSailor will become famous soon enough
That would not surprise me, insurance companies are as risk averse as they come (having to pay for the follies of the insured). My understanding is that a majority of pirate ransoms are paid by said insurance companies where it is cheaper to pay off the pirates short-term than to lose the ship, it's freight, and pay out the life insurance of the crew.

Still would appreciate anyone knowing one way or the other. Been caught out before with something that "sounded true", only for it to be urban legend
Reply With Quote Share with Facebook