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One finger up for Swiss Reinsurance
 As
a nation, Switzerland is known for great skiing, making clocks
and banking. Okay, it also has a reputation for cheese with
holes in it, however, it's banking that wins the fame race.
Therefore, considering the numbers of bankers in the place,
you'd sort of expect them to be able to count - and pretty
damn well too! (Although there are times when I look at my
bank account and think that someone's taking a little bit
extra out each week in the hope I won't notice.)
Anyway, counting is extremely important to Switzerland and
so it gobsmacked me when I found out that a giant insurance
company, Swiss Reinsurance, can't count to two.
That's right, two. Hold up one finger to normal people and
they'd count one, hold two up and the answer would be two.
However, Swiss Reinsurance can't quite seem to grasp the
matter. It is saying that the detruction of the World Trade
Centre was ONE incident and so it will only pay out ONE policy
worth a gentle $7billion.
The people wanting to get money out of their insurers, reckon
that because TWO planes hit TWO buildings it should be TWO
incidents and Swiss Reinsurance should fork out $7billion
on each claim.
Now it's hard to argue with that and most people wouldn't,
however, Swiss Reinsurance is battling it out in the courts
trying to overturn the laws of Maths that have been established
for one heck of a long time. Certainly more than TWO centuries!
With insurance premiums skyrocketing around the world there
is ONE thing that should be remembered by the formerly exceedingly
profitable business of taking people's money and then praying
nothing would happen to their houses, contents or lives.
If you take the premium, you should pay the dosh. Don't go
sneaking about in the fine print trying to worm out of your
obligations!
Now if anyone from Swiss Reinsurance would like to get in
touch with me, I've got a few boxes of Nazi gold I'd like
to .....
If there is something that has really got up your nose,
let Grumpy Old Coot know at grumpy@webwombat.com
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