Bin Laden Insurance

Bin Laden Insurance

No doubt many Americans were relieved when Osama Bin Laden was killed since he was the driving force of 9/11 and certainly many other attacks resulting in the deaths of thousands of innocent people. There were a few people who expressed dismay at his killing and you have to admit that some of his criticisms of immorality, alcohol and drug use and gambling impacting lives of people in the United States were fairly accurate. However I find it hard to be sympathetic to someone who would have his minions slit my throat if they could just find me. Unfortunately he was both an intelligent but warped man who was aware of his precarious situation that he might die at anytime. Realizing this, he took out hundreds of millions of dollars of life insurance with almost all of the insurance companies in the U.S. under his Americanized name, Sammy Laden. All of their investigations and due diligence on him was done under the letter “L” instead of “B”. Fortunately, most insurance companies are smart enough to have resources to accommodate the coverage risk and so few insurance companies are expected to go bankrupt as a result. However they have said with the huge losses stemming from this payout that they are going to have very steep premium increases for American policy holders. Just thought you’d like to know because they are trying to keep this very hush, hush.

©2011 Eric Stamets