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39: The Insurance Market for Modern-Day Pirates

39: The Insurance Market for Modern-Day Pirates

Odd Lots

July 29, 201621m 13s

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Show Notes

This week Odd Lots takes to the high seas to discuss how modern-day pirates in the form of illegal fishers are able to take out insurance policies on their blacklisted boats. We speak with Dana Miller, a marine scientist who published a study last month showing a significant number of insured illegal vessels. We discuss how one of the world's most regulated financial industries interacts with one of the world's most lawless and whether new processes introduced by insurers could help boost the world's supply of fish.

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