Article

2006-12-05 China-Japan-Koreas

North Korea suspected of reinsurance fraud

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Posted by Pappy 2006-12-05 00:03|| || Front Page|| [4 views since 2007-05-07] Top

#1 What sort of idiot would insure anything in a socialist statist dictatorship like North Korea?

Posted by 3dc 2006-12-05 00:33|| 2006-12-05 00:33|| Front Page Top

#2 what sort of idiot would pay off on this scam when prevented from inspecting the evidence?

Posted by Frank G">Frank G 2006-12-05 00:37|| 2006-12-05 00:37|| Front Page Top

#3 What sort of idiot would have "diplomatic presence in Pyongyang"?

Posted by Barbara Skolaut">Barbara Skolaut 2006-12-05 00:41|| http://ariellestjohndesigns.com/page/15bk1/Home_Page.html]">[http://ariellestjohndesigns.com/page/15bk1/Home_Page.html] 2006-12-05 00:41|| Front Page Top

#4 What about compensation for my case of Hennessy that fell off the truck?

Posted by Lil Kim 2006-12-05 00:43|| 2006-12-05 00:43|| Front Page Top

#5 What sort of idiot would____________?
Jimmuh Carta?

Posted by GK 2006-12-05 00:47|| 2006-12-05 00:47|| Front Page Top

#6 Oh my, the Norks are inventive little b*****ds, aren't they?

Posted by Sgt. Mom 2006-12-05 07:32|| www.sgtryker.com]">[www.sgtryker.com] 2006-12-05 07:32|| Front Page Top

#7 Next up - North Korean e-mail scammers...

Posted by Raj 2006-12-05 07:52|| 2006-12-05 07:52|| Front Page Top

#8 D. All of the above!

Posted by Spot">Spot 2006-12-05 08:38|| 2006-12-05 08:38|| Front Page Top

#9 The central focus of concern is the absolute control of ownership and information in North Korea by Kim Jong-Il and his regime. All North Korean insurance is controlled by one state-owned firm, the Korea National Insurance Corporation (KNIC), formerly known as the Korea Foreign Insurance Company, which in turn purchases reinsurance coverage abroad for risks that it has {purportedly] assumed in its domestic market.

Normally, most domestic insurers will use one, or at most two firms of brokers to obtain reinsurance. KNIC may use many, according to industry sources, and the brokers may well have no idea what business their colleagues are doing, or in what reinsurance markets.

Posted by Mike 2006-12-05 10:00|| 2006-12-05 10:00|| Front Page Top

#10 Actually, this sort of thing is good news. It shows the pathetic means the North Koreans are having to resort to. I mean, what kind of government funds itself with insurance scams? Most of them just raise taxes.

Posted by gromky 2006-12-05 11:05|| 2006-12-05 11:05|| Front Page Top

#11 I figure Kimmie would be hell-on-wheels if Amway could entroll him. Think of his downstream...... Everyone who has his picture would spring for at least 2 cans of room deodorizer a month. Profit!

Posted by Shipman 2006-12-05 15:04|| 2006-12-05 15:04|| Front Page Top

#12 It's almost like...he's always got a loophole. We want to see the damage, he says pay up or he'll kill us. He doesn't fill out the forms, we complain, he says pay up or he'll kill us. We want to talk to witnesses, he says they're all dead and to pay up or we'll be dead too. You think he was a friggin dictator or something.
What an asshole...

Posted by Mutual of Pyongyang 2006-12-05 15:30|| 2006-12-05 15:30|| Front Page Top

#13 Lol. That's a classic.

Posted by .com 2006-12-05 15:32|| 2006-12-05 15:32|| Front Page Top

#14 Lets see.. drug trafficking, kidnapping, counterfeiting, now insurance fraud..

And this criminal enterprise is considered a sovereign state? A legitimate government?

The United States of America actually sends diplomatic envoys to negotiate with these criminals?

Posted by john 2006-12-05 17:58|| 2006-12-05 17:58|| Front Page Top

#15 Don't laugh, but StrategyPage says this scam has already brought in over $100 million.

Posted by ed 2006-12-05 18:01|| 2006-12-05 18:01|| Front Page Top

#16 Until Bush came along, yes. Until Bush came along, even the US Sec State was on the NorKie dance card. Until Bush came along, China didn't get the credit due for being this mongrel's bitch.

Posted by .com 2006-12-05 18:02|| 2006-12-05 18:02|| Front Page Top

#17 Who would have ever imagined a stand up guy like 'Lil Kim would run a scam?
ROFLMFAO! Any dumb bastard that would insure a Nork asset deserves to be scammed! A fool and his money had no business being together in the first place!

Posted by Mike N. 2006-12-05 18:48|| 2006-12-05 18:48|| Front Page Top

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