Dead in the Water Quotes

“Court defeats and risk-averse corporate legal departments made managers in the new Lloyd’s so queasy about alleging fraud, and so terrified of the potential consequences, that they essentially stopped using the word. Instead, the market adopted lawyerly euphemisms: “material non-disclosure” or “misrepresentation.” Scuttling became “willful casting away.” Claims departments, responsible for investigating fraud, were underfunded and understaffed, because big corporations have a habit of neglecting teams that don’t bring in any money.”
― Matthew Campbell, Dead in the Water: A True Story of Hijacking, Murder, and a Global Maritime Conspiracy

“Yet his proposals to deter Somali pirates by going after their financiers’ money met with only limited success. The shipping industry seemed to be more interested in talking about piracy than confronting it.”
― Matthew Campbell, Dead in the Water: A True Story of Hijacking, Murder, and a Global Maritime Conspiracy

“But some of the attendees were reluctant to consider such an aggressive approach. If insurers went after the criminals’ money, one of them asked Veale, wouldn’t there be a risk that the criminals could come after the insurers? Veale found the question strange. Wasn’t the whole point to stop the bad guys?”
― Matthew Campbell, Dead in the Water: A True Story of Hijacking, Murder, and a Global Maritime Conspiracy