DID YOU KNOW ...

Death by laughing

An insurance policy was drafted – and still exists – for ‘ death by excessive laughter while visiting the cinema ’. In the days of early cinema in the early 19th century , audience members were so scared of dying due to excessive laughter that they purchased the insurance cover through Lloyd ’ s of London . The cover in its modern form is liability insurance designed to protect film production companies , comedians , stand-up comics , or anyone else who runs the risk of killing someone through their sheer wit alone .

Alien abduction

People in some US states who are fearful of experiencing an alien abduction can insure themselves against it via the Alien Abduction Insurance Cover Company . Their tagline is ( and could only ever be ) ‘ Don ’ t leave Earth without it ’. Though it ’ s clearly more of a gimmick than a genuine offering , the Florida-based company has reportedly paid out on some claims , and has issued over 100,000 policies .

� WEFOX Following its recent $ 650m investment fund round – the largest of any insurtech globally , wefox promptly made every member of its workforce a shareholder

in the company .

� SHIFT TECHNOLOGY The AI platform for auto insurance claims , had a $ 220m funding round in Q2 2021 led by Avenir , Accel , Bessemer Venture Partners , General Catalyst and Iris Capital .

� CNA HARDY The commercial insurance provider allegedly caved to a ransomware attack in Q1 2021 and paid $ 40mn to attackers as a result . An investigation into the matter has been opened .

� ALLSTATE CORPORATION The US primary insurer has announced catastrophe losses for Q2 2021 , of $ 544m , or $ 430 million after-tax .

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