Welcome to DU! The truly grassroots left-of-center political community where regular people, not algorithms, drive the discussions and set the standards. Join the community: Create a free account Support DU (and get rid of ads!): Become a Star Member Latest Breaking News Editorials & Other Articles General Discussion The DU Lounge All Forums Issue Forums Culture Forums Alliance Forums Region Forums Support Forums Help & Search

Latest Breaking News

FBaggins

(28,703 posts)

18. That isn't how reinsurance works

Reply to James48 (Reply #12)

Sat Mar 7, 2026, 12:55 PM

12 hrs ago

It would cost $20B if Iran sank dozens of tankers and the US had to pay the primary insurance companies for the loss... but it doesn't cost anywhere close to that to provide the coverage itself.

In fact, depending on the specifics, it could be a profitable enterprise.

Edit history

Please sign in to view edit histories.

Recommendations

0 members have recommended this reply (displayed in chronological order):

19 replies

= new reply since forum marked as read

Highlight:

Trump admin announces $20 billion reinsurance program for oil tankers during Iran war [View all] BumRushDaShow Friday OP

Paid for by US Taxpayers? Wouldn't it have been eaiser to not help Israel bomb Iran? FSogol Friday #1

Any company would be foolish to take that risk based on the word of this admin. RockRaven Friday #2

i just want health COVERAGE i can afford. uncle ray Friday #3

So many billions. So little healthcare. -eom vanessa_ca Friday #4

DUzy!!!!! mahina 20 hrs ago #17

Another case of him D. Spaulding Friday #5

Let me guess. We are paying for it. AllyCat Friday #6

TSF is very generous with taxpayer money. alwaysinasnit Friday #7

Trump assumes they care about the lives of their employees as little as he does muriel_volestrangler Friday #8

Probably Not Going To Work modrepub Friday #9

Insuring material losses does not equate to making ship's captains and their crews suicidal. /nt artemisia1 Friday #10

There is an urgency to get fertilizer through? Bayard Friday #11

$20 billion more added to the cost of war. James48 Friday #12

That isn't how reinsurance works FBaggins 12 hrs ago #18

Is the insurance going to protect the ships from Iranian drones and missiles? SamuelAdams Friday #13

It's going to take more than insurance... Hugin Friday #14

Ain't going to happen kimbutgar Friday #15

Remember the good old days... WinstonSmith4740 20 hrs ago #16

Check to see how much oil stocks the Grifter in Chief, his clowns and leading repugs bought just before the announcement Wonder Why 11 hrs ago #19