The business of insurance is one of chance. People that set the premiums for insurance companies would make great gamblers. They could use their odds of something happening in the real world and apply it to the chances of winning something if they wanted to bet. Mathematicians have already worked out the odds of a Powerball Lottery win at 41,000,000 to 1. The strange thing about that is if the first division prize is more than £41,000,000, isn’t it worth spending that amount to win? The big problem there is if there are multiple winners. Oops!
People do the strangest things and insurance companies seem to have either a policy or an answer to every possible claim. Remember the farmer who claimed to have lost his iPhone up the back end of a cow? Don’t laugh! It’s true! He was using an app that makes the phone a torch and he needed light to help the cow who was calving. You’ve probably seen it on TV or the movies when a vet, usually, plunges his or her hand up the rear end of a cow to help the birth of a calf. You can bet the ios developer who created that torch app never thought it would be used for that!
There was also the case of the woman who continually fell over in public places and then made insurance claims, some of which were successful, others not. She had a gambling addiction and was able to collect over $500,000 in 7 years. People at developerstars.com might have helped with their app that took photos of her later falls which landed her in jail.
There are many cases of individual insurance claims that defied the odds and when that happens the company sends out its investigators to determine just how much truth is in the claim. Going back to the Powerball odds reminds us of the recent claim by a woman in Australia who said that she had won a half share in the Powerball draw of $60,000,000 but had washed the clothes in which the Powerball ticket was placed. There was quite a bit of credence given to her story because nobody had come forth after a couple of weeks to claim the $30,000,000. How long do you think you could wait with the winning ticket in your pocket before stepping forward to claim your winnings? Me? About 5 minutes, max!
It came to light later that she had made a similar claim a few years earlier. Same story about the ticket lost in the washing. The best bet is to go online and Google hire app developer, find a suitable and reputable company that specialises in creating daily use apps and get them to make an app that reminds you to check your pockets before putting your clothes in the wash!