Free Republic
Browse · Search
News/Activism
Topics · Post Article

To: Tax-chick

“Financial losses ...
*************************************
Consider the financial losses that would occur if a real major quake struck in/near the Panama Canal Zone and wrecked some of the locks. ...Shipping would revert to having to sail around the Southern tip of South America to transit between the Atlantic and Pacific oceans.


18 posted on 04/12/2014 5:21:56 PM PDT by octex
[ Post Reply | Private Reply | To 16 | View Replies ]


To: octex

What was reported under those circumstances would depend, in large part, on what was insured. They have to get numbers for “financial loss due to Event X” from somewhere, and it’s heavily dependent on insurance liability.

I don’t know to what extent any kind of insurance coverage would indemnify losses due to an event such as loss of Panama Canal function. It might even be different depending on whether the disruption was due to natural forces or political events. Insurance companies try to cover the less-likely outcomes!


20 posted on 04/12/2014 5:26:10 PM PDT by Tax-chick (Entropy is high. Wear a hat!)
[ Post Reply | Private Reply | To 18 | View Replies ]

Free Republic
Browse · Search
News/Activism
Topics · Post Article


FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson