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Insurance Fraud | Encyclopedia Titanica Message Board Also, the insurance claim on Titanic was in the range of 5 million modern dollars whereas the ship cost about 8 million in modern dollars. Titanic disaster led to historic life insurance payouts Your trust is our top concern, so businesses can't pay to alter or remove their reviews. The Titanic sank April 14-15, 1912 after hitting an iceberg - a startling revelation, as the public had heard since its creation that it was "unsinkable." . Sometimes the lure of an insurance payout is too much to resist - even by the most . HMS Hawke Collision. . 1. Despite a construction cost of around 7.5 million US-dollars, the Titanic was insured for a hull value of 5 million US-dollars through over 70 co-insurers including Allianz Irreversible but perhaps avoidable From that point on the Titanic's sinking was irreversible. Search within reviews. Transit Casualty Co.'s "Titanic" Insolvency Teaches Many Lessons The most senior officer to survive the Titanic attempted to downplay the iceberg collision to secure a £3 million insurance payout, documents suggest. This theory claims that The Titanic was purposely intended to hit that ice berg so that J.P. Morgan, the financier of White Star Line, (the line the titanic was a part of) could get a huge insurance payout. The tragic end of the maiden voyage of . Cover was for 12 months on hull and machinery, valued at £1million for each vessel; "FAA (Free from All Average) absolutely under £150,000" - insurers to pay only on damage in excess of that sum. Could The Sinking Of The Titanic Be The Greatest Insurance Fraud Scheme ... Grey undercoat on the wreck 30. Letters M and P are visible on the wreck. The insurance conspiracy theory of the Titanic; Insurance claims and pay-out resulting from the sinking; How the film The Titanic used some of the insurance claims when filming; Insurance Was Increased - the Titanic Conspiracy Debunked Titanic sinks! Insurance claims mount for passengers, cargo | Ver Ploeg ... Did the survivors of the Titanic get any financial compensation?