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November 28, 2012

Insurance companies refuse to cover the 'End of the world'


In Latvia insurance companies refuse to provide coverage against the end of the world in all its manifestations, as the arrival of a fictional deity as Cthulhu as-say-"the doomsday damages are difficult to assess." A month before the supposed end of the world according to the Mayan calendar cycle, some organizers of a festival made an unusual request to an insurance agency in Latvia, reports Apollo.lv.

The client wanted to insure against alien abductions or interruption in the time space continuum, they argued, could suffer festival goers. The Russian market also is willing to offer this type of product. "You can ask the Russian insurance company to ensure the risk of so-called end of the world. The question is, if the end of the world comes, who is going to pay and what they need? "He told newsru.com. Ilya Solomatin, vice president of the Russian insurer Ingosstrakh. In some European countries the supply of insurance is not regulated by the authorities, and the customer can insure against anything.

In Russia the rules are strict and are subject to licensing, so apply for insurance against the end of the world would be impossible for the law. The leading European insurers are offering exotic products. For example, Lloyd's of London offers men insurance to 1.8 million if they lose hair on his chest in an accident. U.S. companies offer insurance in case of Immaculate Conception, loss of sense of humor, or loss of attraction. The 'end of the world' has become a sort of trend where many try to cash in one way or another.

There are several options to make it a lucrative business, such as selling bunkers or survival courses posapocalípticas conditions, etc.. According to a recent Reuters poll, which surveyed people in 21 countries including USA, one in seven people think the world will end life and one in 10 think will happen in 2012. The December 21 date represents the end of a cycle in the Mayan calendar, which begins in the year 3114 BC.

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