The Null Device
Posts matching tags 'insurance'
When NASA were launching their manned space missions, one dilemma they were faced with is how to provide life insurance, so that if the astronauts perished, their families were provided for. Space missions, by their risky nature, are uninsurable by conventional means. The solution they came up with was ingenious: printing "insurance covers", or limited-edition postcards, which were signed by the astronauts and given to their families immediately before launch. In the event of the astronauts' death, their value would increase spectacularly, meaning that the families could sell them and live off the proceeds.
(via Boing Boing)
An Essex insurance company has cancelled what may have been the most bizarre insurance policy in Britain. In the policy, three sisters in the Scottish highlands, who apparently were members of a "Christian group" of some sort, had insured their virginity for £1 million, against the event of any of them immaculately conceiving the second coming of Jesus Christ:
Mr Burgess said: "The people were concerned about having sufficient funds if they immaculately conceived. It was for caring and bringing up the Christ. "We sometimes get weird requests and this is the weirdest we have had."
The burden of proof that it was Christ had rested with the women and any premium on the insurance was donated to charity, said Mr Burgess.
The siblings had paid £100 annually since 2000. If they had secured a payout, they stood to receive £1m.The policy was apparently cancelled partly because of complaints from the Catholic Church, which doesn't look kindly on unauthorised immaculate conceptions.
The latest threat to the environment: the fumes from all those burning SUVs, as Americans who have gone into debt on buying personal monster trucks find themselves hit with rising fuel prices and torch them to claim insurance money and buy something smaller.
Vehicle arson has had a long and occasionally humorous track record over the years. In Texas, a car salesman was arrested after offering his customers what he called a "rotisserie program." He would have their cars torched; then, after they collected on the insurance, he sold them a new car. In another part of the state, two students were arrested after they torched their high school teacher's car in exchange for passing grades.
In the US, some corporations are taking out life-insurance policies on low-level employees, that pay the employer in the event of death. Though rest assured that no link has been found between the policies, known in the business as "dead peasant" policies, and increased employee mortality, poorer working conditions or other increases in the probability of a payoff. (via Plastic)