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When Insurance Literally Becomes A Matter Of Life And Death


               
2022 Jun 1, 4:08am   262 views  3 comments

by ohomen171   follow (2)  

#maritimeinsurance Today we are going to talk about insurance. To most of us, it is a painful necessity that we must pay insurance premiums each month. The only time that we see insurance as a matter of life and death is a situation where one gets sick or needs a life-saving drug that can only be paid for with health insurance.
There is another very serious dimension to insurance that is a matter of life and death for hundreds of thousands or millions of people. Russia never developed a truly viable insurance industry. In the days when it was the Soviet Union when things like armaments were sold to other countries; they had to go to Western insurance brokers to get insurance coverage to cover the ships and weapons being transported to customers worldwide. I was friends for many years with a shadowy character named Philip M. Wilson. His family was Russian Jews. Somehow, they fled the Soviet Union and arrived in Saint Louis, Missouri. The family name was changed to Wilson. Phil became an international insurance broker. Soviet officials used him to insure arms shipments. Phil was a double agent. He reported all his Soviet Union insurance policies to the CIA.
The European Union and England have decided to no longer insure tankers carrying Russian oil. Wheat will follow. (Russia produces 25% of the world's wheat.) No ship moves without insurance. China could step in and provide insurance. They will not because of fear of sanctions. Russia is also going to block the export of Ukrainian grain shipments. 12% of the world's grain production will be lost.
Oil prices are going to go up. Wheat prices will go up. We, affluent Westerners, will feel discomfort with higher food prices. Starvation will take place in other parts of the world. It is not a happy scenario.

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2   WookieMan   2022 Jun 1, 6:35am  

I don't understand the OP's thread as I don't ship weapons. Someone WILL insure the ships, so I'm not buying this double agent shit. People lie all the time about their past.

I've had to major insurance claims that saved or actually put money back in my pocket. One was a $7k Disney vacation (dumb I know). The other our Sequoia which ended up being $18k of equity. Not counting life insurance, because I'd be dead and cannot use it, but those claims have almost covered all my premiums over 2 decades. I didn't pay health insurance when I was W-2.

We also don't travel without out getting a policy for each trip, unless it's camping or simple like that. Not to cover the cost of the trip generally as we don't pay for flights. Even in the safest of countries shit can go south. Can't remember the terms, but always get something with additional medical insurance for international as US health insurance likely won't pay AND I usually do $500k-1M for getting you back to the states in a medical emergency. It's not all about covering the cost of flights, hotels and luggage.

If you're in say Aruba and have a stroke, aneurysm, heart attack, etc... things that can happen to even the healthiest people, you're going to want that protection or have debt collectors crawling up your ass. A medical flight from Aruba to say Miami is going to cost 6 figures easy. They're not loading you on that plane without knowing you have the $$$. That's why solo international travel would scare the shit out of me if you become incapacitated and don't have policy info on you.
3   Tenpoundbass   2022 Jun 1, 7:47am  

ohomen171 says
Russia never developed a truly viable insurance industry.


Translation Putin protects Russians from predator rogue industries, that gouge people for nothing, then use every legal trick in the book to get out of paying, while those running the company get tens of millions in yearly bonuses.

Doctors are as common as a school teacher in most countries and their services are about as affordable as a sandwich shop.
We're the only fucking country in the world that will allow scumbags close down faith based hospitals, and modest private practices, pass legislation that forbids them from practicing medicine without joining the Insurance racket and scam.

Jack perhaps you were in South Africa with Captain what's his face, in the 90's when that no good son of a cunt Clinton was in office and was going to give us all free healthcare. But what the dumb mother fucking Democrat voters got, was legislation that made criminals out of Doctors and Clinics that provided healthcare for humanity reasons rather than maximizing profits reasons, under the guise of "Healthcare privacy" which nobody thought was an issue. What we ended up with, a concerned spouse can't get information from the Doctor but every drug manufacturer knows their condition. They also placed a heavy burden of medical billing that 90% of the practices could not afford to become compliant with. So they either merged with a Conglomerate or retired.

Some call that capitalism, well actual the evil vile commies that rigged it that way, calls it capitalism. They also rile against real capitalism and free markets.

Putin seems like the sorta guy, that wont allow that, that's why NATO and WHO want his ass gone.

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