Off-Topic: Fund for Boston bombing victims from donations
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Name:   MartiniMan The author of this post is registered as a member - Email Member
Subject:   Fund for Boston bombing victims from donations
Date:   7/14/2015 9:41:13 AM

I think they raised something like $28M from 50,000 donations.  That is indeed the way it should work.  

On the terrorism insurance front, just to be clear if the government defines it an act of terrorism it triggers payouts from private insurance where they have a terrorism rider.  If they don't pay extra for terrorism insurance it is excluded.  So the money comes from the insurance company, not the government.  The government's role is only in defining whether it was an act of terrorism, which in this case they did.  Does make me wonder how many people lost coverage once they did define it as an act of terrorism based on the exclusions in their policy.

Other messages in this thread:View Entire Thread
Charleston Victims - waterph - 7/11/2015 1:28:19 PM
     Charleston Victims - GoneFishin - 7/11/2015 3:16:07 PM
          Fund for Boston bombing victims from donations - MartiniMan - 7/13/2015 9:26:26 AM
               Fund for Boston bombing victims from donations - Talullahhound - 7/13/2015 5:23:05 PM
                    Fund for Boston bombing victims from donations - MartiniMan - 7/14/2015 9:41:13 AM



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