Sunday, July 14, 2024
Contact    |    RSS icon Twitter icon Facebook icon  
Unexplained Mysteries
You are viewing: Home > News > Creatures, Myths & Legends > News story
Welcome Guest ( Login or Register )  
All ▾
Search Submit

Creatures, Myths & Legends

Lloyd's once insured the Loch Ness Monster

By T.K. Randall
September 6, 2014 · Comment icon 5 comments

The insurance arrangement maintained some strict requirements. Image Credit: CC 2.0 Dave Conner
A strange contest held in 1971 led to Lloyd's of London agreeing to insure Scotland's mysterious denizen.
The peculiar series of events began when Scottish whiskey producer Cutty Sark set up a competition offering a prize of exactly one million pounds to anyone who could capture the monster.

Not long after the contest was set up however the company had second thoughts and, believing that there was actually a good chance that someone would be able to claim the prize, asked Lloyd's to underwrite the competition.
Lloyd's agreed, but only on the condition that if someone actually did capture the Loch Ness Monster they would be allowed to keep it for themselves.

They also requested that the creature be a minimum of 20ft in length and that it would have to be formally recognized as the monster by the curators of the Natural History Museum in London.

Suffice to say Cutty Sark never filed a claim and Lloyd's went on to make a tidy profit.

Source: io9.com | Comments (5)




Other news and articles
Recent comments on this story
Comment icon #1 Posted by Sundew 10 years ago
Of all parties in this story, sounds like Lloyd's was the only smart one.
Comment icon #2 Posted by davros of skaro 10 years ago
Cutty Sark...Blah!
Comment icon #3 Posted by Frank Merton 10 years ago
Lloyds is perfectly happy to take money, especially when there is no risk.
Comment icon #4 Posted by pallidin 10 years ago
Yeah, Lloyds had little to no risk on this one.
Comment icon #5 Posted by Silent Trinity 10 years ago
Clear no-brainer for Lloyds, bloody ridiculous situation though lol


Please Login or Register to post a comment.


Our new book is out now!
Book cover

The Unexplained Mysteries
Book of Weird News

 AVAILABLE NOW 

Take a walk on the weird side with this compilation of some of the weirdest stories ever to grace the pages of a newspaper.

Click here to learn more

We need your help!
Patreon logo

Support us on Patreon

 BONUS CONTENT 

For less than the cost of a cup of coffee, you can gain access to a wide range of exclusive perks including our popular 'Lost Ghost Stories' series.

Click here to learn more

Top 10 trending mysteries
Recent news and articles