WARNING: This is Version 1 of my old archive, so Photos will NOT work and many links will NOT work. But you can find articles by searching on the Titles. There is a lot of information in this archive. Use the SEARCH BAR at the top right. Prior to December 2012; I was a pro-Christian type of Conservative. I was unaware of the mass of Jewish lies in history, especially the lies regarding WW2 and Hitler. So in here you will find pro-Jewish and pro-Israel material. I was definitely WRONG about the Boeremag and Janusz Walus. They were for real.
Original Post Date: 2008-02-05 Time: 00:00:00 Posted By: Jan
Power cuts in South African mines will have a negative impact on the global insurance industry, risk assessment company Alexander Forbes warned on Monday.
“If hundreds of South African mines were each to claim up to R250-million for business interruption caused by power outages, the impact on the local and international insurance markets would be profound,” Debbie Geraghty, Head of Risk Services at Alexander Forbes said in a statement.
Given that South African mining and industrial debt was re-insured globally, the potential sums called upon to cover South African power-related loss could cause a global re-insurance shock, Geraghty said.
“Either way, the cost of re-insuring South African risk going forward is likely to increase – driving up the cost of investing in South Africa.
“Global insurance concerns aside, the industrial impact of power shortages in South Africa poses further threats to the industrialised world,” she said. – Sapa
Source: http://www.iol.co.za/index.php?art_id=nw20080204151616266C798162