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Pirates Have Been Intensely Attacking Ships Off the Shore of Somalia

Question 82

Multiple Choice

Pirates have been intensely attacking ships off the shore of Somalia this year. Boat owners have reportedly coughed up more than $30 million in ransom and insurance premiums have shot up. If there is a sudden and unexpected increase in risk, who gains?


A) insurance companies
B) the government of Somalia
C) boat owners who are insured with policies whose price cannot be changed
D) pirates

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