Another rub: unwritten and nonbinding agreements common in the reinsurance industry that have the effect of lowering risk to the reinsurer by allowing ittowriggleoutof a deal without a loss, in the event claims skyrocket.
In order towriggleoutof its commitments, it claims that it is the Palestinians who are in default by not carrying out their pledges on security, by not summoning the Palestinian parliament to affirm that the clauses calling for Israel's destruction are gone from the covenant, and by not extraditing wanted men to Israel.