Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. Insurance is defined as the equitable transfer of the risk of a potential loss, from one entity to another, in exchange for a premium and duty of care.
Monday, December 28, 2009
Greek anarchists claim insurance company bombing
A radical Greek anarchist group has claimed responsibility for a bomb attack that damaged an insurance company headquarters in central Athens.
Nobody was hurt in the strong explosion late Sunday at the Ethniki Insurance building. The blast caused extensive damage to the building's lower floors.
The Conspiracy Nuclei of Fire group says in an online statement posted Monday that it attacked the company to protest the "Christmas consumer spirit" and display of wealth.
The group has targeted several politicians in recent months with small bombs, causing no injuries. Since the end of September, Greek police have arrested and charged five suspected group members with terrorism.
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