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Hobbit Risks:"The Hobbit" from an Insurance Point of View
- infinity 13y agoAnd here is a link to the second part: An Ork fortress for over 320 million euros: A virtual claims report for the Film “The Hobbit”. Part II – property damage: https://www.allianz.com/en/press/news/studies/news_2013-08-22.html https://www.allianz.com/en/press/news/studies/news_2013-08-2...
- etfb 13y agoThey better hope they're not insured with Allianz Insurance, aka Unclean Nazi Liars, or they won't see a cent.
- sveme 13y agoWow, a Godwin-hole-in-one. Nice coincidence that I just today learned about a brilliant drinking game: "Well, I've got to work tomorrow, which means that unfortunately I can't use this thread for my favorite lonely drinking game. (For those of you who are interested: Go to an article about Germany. Drink a shot >each time Hitler, WW2 or something similar comes up. Enjoy and prepare to call in sick the next day!)" (from here: http://discussion.theguardian.com/comment-permalink/26364455 http://discussion.theguardian.com/comment-permalink/26364455)
- etfb 13y agoNot referring to anything in the past. This is what they're like now. Especially if you're trying to get them to pay out.
- sgt 13y agoThis is 2013, not 1950. You seriously cannot hold a grudge against companies that did business with nazis during World War 2. If your grandfather was an austrian businessman during the war and did business (I'm not talking about supplying Zyklon B or anything) with the nazis, would you shun him forever?
- etfb 13y agoYou misunderstand -- the name is an anagram, and refers to their current business practices, not something they might have done half a century or more ago. They are bastards right now.
- ajb 13y agoSee also the macroeconomics of middle-earth: http://worthwhile.typepad.com/worthwhile_canadian_initi/2012/12/the-macroeco.html http://worthwhile.typepad.com/worthwhile_canadian_initi/2012...
- _mulder_ 13y ago>The result was an immediate increase in the money supply, and a rapid growth in overall economic activity. Wouldn't a massive increase in money supply of the amount Smaug guarded just lead to Hyper Inflation?
- omegant 13y agoOr an economic bubble. Or both depending on the rate of release of the cash
- chrisgd 13y agoHyper inflation is hard without an external event (war, loss of all foreign trading partners, etc.). Just an increase in the money supply has very little to do with hyper inflation.
- ctdonath 13y agoNo, because the "money" involved is real goods with intrinsic value, not to be confused with "fiat money" where currency units have value unilaterally declared and have no market value on their own. Sure, unleashing all that gold etc. would have a massive economic impact (as the annual GDP jumps several times over), but not hyperinflation. AFAIK, hyperinflation amounts to cutting a pizza into thinner slices to feed a large number of people: the total "value" of the pizza being inadequate to satisfy the group's hunger, cutting enough slices by cutting them thin renders each slice unsatisfying, and addressing subsequent demands for more by cutting existing slices thinner still just "devalues" existing slices while giving a brief (and absurd) stance of "I gave you however many slices you wanted - be satiated!" Fiat currency just represents the total value of the culture holding it, with N currency units each representing 1/Nth of total value; hyperinflation occurs when the government owes debt D > 1 and tries to make N*(1/N) > D by increasing the value of N, which of course doesn't work.
- D-Coder 13y agoIsn't all this an act of war or terrorism? Every insurance policy I've seen ( <-- weasel ) refuses to cover these.