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To use up the funds available, they had to buy up not only all the stock of all the risk-insurance companies of Krim, but all stock in all off-planet companies owned by investors on Krim. Then time passed, and ships in space arrived unmolested in port. Cargoes were delivered intact. Insurers observed that the risk-insurance companies had not collapsed and could still pay off if necessary.
As I understand it, most insurance organizations are divided into divisions which are separately incorporated. There will be a life-insurance division, a casualty division, and so on. Is that right? And one may invest in any of them separately?" The clerk said impassively: "I was given to understand, sir, that you are interested in risk-insurance. Perhaps especially risk-insurance covering piracy.
Right after his previous visit, news had come of the daring piratical raid which captured a ship off Walden. This was the liner Hoddan'd brought in to Krim. All merchants and ship owners immediately insured all vessels and goods in space transit at much higher valuations. The risk-insurance stocks bought on Hoddan's account had multiplied in value.
I was given quotations on the risk-insurance divisions of all Krim companies. Of course those are not very active stocks, but if there were a rumor of a pirate ship acting in this part of the galaxy, one might anticipate " "I do," said Hoddan. "Let's see. ... My cargo brought so much.... Hm-m-m.... My purchases will come to so much.
He'd put a good part of the proceeds of his piracy in risk-insurance stocks, and he counted on them to make all his actions as benevolent to everybody concerned as his intentions had been, and were. But it might not be true enough. It might be less than ... well ... sufficiently true in a particular instance. And therefore
Risk-insurance companies had undertaken to indemnify the owners of ships and freight in emptiness. Now that an unprecedented pirate fleet ranged and doubtless ravaged the skyways, the insurance companies ought to go bankrupt. Owners of stock in them dumped it at any price to get rid of it. In accordance with Hoddan's instructions, though, his lawyers had faithfully if distastefully bought it in.
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