HomeFinanceBanking and Insurance10 Banking and Insurance Facts for the Curious Mind

10 Banking and Insurance Facts for the Curious Mind

At RankingFact, we make you understand how exciting Banking and Insurance Facts can be. The truth is, not all insurance policies are boring, and Banking talks can still be fun. Before getting started with our content, here are ten exciting Banking and Insurance facts you probably didn’t know.

  1. In the year 2002, a Boston orthopedist David Arndt walked out on his patient while performing a complicated spinal surgery. He left the patient on the operating table, anaesthetized and sliced open so he could quickly cash his paycheck before the bank closes.
  2. Without aid from insurance companies, Jackie Chan pays his stunt medical bills all by himself. This is because Insurance companies considered his stunts too risky to underwrite.
  3. In North Carolina, a 59-year-old man with no criminal record once held up a bank for $1. He did that to be sent to prison so he can receive free healthcare.
  4. Astronauts who went aboard the Apollo 11 weren’t offered life insurance because of the risk in their mission. In response, they left behind hundreds of autographed posters for their families. The idea was to sell them if anything happened to them in the course of the mission.
  5. Ten days after the world biggest bank heist — $5.4 million — in Japan’s history, the branch of Fukutoku Bank in the Japanese city of Kobe received a letter of gratitude from the robbers which says. “Thank you so much for the bonus. Truly, we can live on this loot for life.”
  6. American film director, Steven Spielberg holds the record of having the most expensive insurance policy in the world. The film director insured his life for $1.2 billion.
  7. Charles “Pretty Boy” Floyd, a Great Depression-era gangster, once did the unthinkable. The notorious bank robber made the public love him by destroying mortgage papers at the banks he robbed, thereby freeing many from their debts.
  8. In the year 1995, a man robbed two Pittsburgh banks with lemon juice on his face. He thought since lemon juice makes for invisible ink, it would render his face invisible on camera. Unfortunately, things didn’t work out.
  9. The world’s largest cigarette weighing 110 kilograms, with a length of almost 4 meters, was insured just before its exposure exhibition in London. The cigarette got insured for 18,000 pounds sterling with a premium of 50 pence. As claimed by the cigarette owner, it does get smoked in no less than 339 days.
  10. English Footballer David Beckham once insured his legs for $70 million while Russian singer Zemfira also insured her fingers for $170 thousand.

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