Complications over Tsunami Claims

June 21, 2005

NO one could possibly have predicted the great tsunami wave disaster that took place at the end of last year. Not even Pertamina, Indonesia's state-owned oil & gas company. Perhaps it was because of this that Pertamina was not that serious about including this king of eventuality in its insurance coverage. When the tsunami waves hit Banda Aceh, where much of the company's wealth was located, all that Pertamina could do was just sit ba

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