Insurance markets in everything

by on September 7, 2004 at 8:03 am in Economics | Permalink

These legs have just been assessed as worth $1.96 million.

Here is a more general history of celebrity insurance of body parts. Heidi Klum should in fact feel slighted; other body parts have been appraised at higher sums and when the value of the dollar was higher. In reality this difference may reflect the growing role of market competition and the inability of any single star to achieve a “winner take all” position. In relative terms Betty Grable was a bigger deal than is Heidi Klum today.

And how about this one?

Stranger [insurance] policies have included virgins taking out policies against having a baby by immaculate conception in anticipation of the second coming in 2000.

Comments on this entry are closed.

Previous post:

Next post: