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DIY Trader
- Joined
- 3 February 2010
- Posts
- 5,359
- Reactions
- 345
I hope no insurance company will underwrite the risk - at least none that I intend to hold shares in.
I'd much prefer them to be obliged to deposit, say, $1M in a trust account in every country they come past that might be required to rescue them from the results of their folly. By all means, let them roll it forward as their journey progresses; so, once they're out of India's or Sri Lanka's waters and approach Australia, close the account in the country they leave and roll the $1M forward to Australia. From there to New Zealand, etc...
Alternatively and/or in addition, get the international marine authorities to create a law that makes the country of origin responsible for the costs of rescue. I'm sure the signatory states will follow-up quick smart with laws of their own, making those kids repay any expenses they incurred. And given the profits they stand to make from interviews and pictorials in the likes of No Idea or Women's Daze, they could easily afford it.
Just consider little old Oz, tucked away in this corner of the world with Millions of square miles of open water where ships can/ will come to grief. Calculate square miles per head of population or per $ of GDP. Then compare the result to countries like UK - that idiot Bullimore came from there and needed us to rescue him TWICE! Likewise that French woman ... And how many Yanks? Those countries have many times the number of nutters, and a commensurate surplus of $$$, compared to Australia. Yet they allow them to "test their limits" in our backyard and expect us to pay for their stupidity and under-preparedness.
Makes my blood boil!