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Monday, December 27, 2004

Tsunami kills, but costs of Insurance claims to remain low

"Tsunami aftermath in Sri Lanka. The insurance sector was shaken by the waves of damage along the coastline of South Asia but insurers said that the cost of claims was likely to be contained because many of those affected could not afford comprehensive cover(AFP/Sena Vidanagama)"

"...analysts said that the real effect on insurers would be modest because more than 90 percent of the victims were local people in poor regions and were uninsured."

Yahoo news

That's fucking swell! Good news, then.
Fuck the poor!