Insurers at Royal Commission need a Good Witch

Outsider

10 September 2018
| By Outsider |
image
image
expand image

Outsider notes that a pair of Judy Garland’s iconic ruby slippers from The Wizard of Oz that went missing from a museum were recovered by the US Federal Bureau of Investigation.

The FBI told the Associated Press that the operation was possible after a man approached the shoes’ insurer and said he could help get them back.

The slippers were on loan to the Judy Garland Museum in the late actress’s hometown of Grand Rapids, Minnesota, when they were taken in 2005 by someone who climbed through a window and broke into a small display case.

The shoes were insured for $US1 million.

With the current round of hearings of the Royal Commission into Misconduct in the Banking, Superannuation and Financial Services Industry set to grill the Aussie insurance bosses, Outsider wonders whether they’ll be wishing that the US insurer that helped the Feds recover Dorothy’s famous footwear had held on to them instead.

Why? So that they could borrow them to wear while they’re in the box being grilled, allowing them to close their eyes, tap their heels together three times, and repeat, “There’s no place like home, there’s no place like home ...”

Read more about:

AUTHOR

Recommended for you

sub-bgsidebar subscription

Never miss the latest news and developments in wealth management industry

MARKET INSIGHTS

So we are now underwriting criminal scams?...

3 weeks 3 days ago

Glad to see the back of you Steve. You made financial more expensive, not more affordable as you claim, and presided ...

4 weeks ago

Completely agree Peter. The definition of 'significant change is circumstances relevant to the scope of the advice' is s...

3 months ago

ASIC has taken action against a Queensland adviser who was sentenced last May for misappropriating $1.8 million from his clients....

2 weeks 6 days ago

AMP is to launch a digital advice service to provide retirement advice to members of its AMP Super Fund, in partnership with Bravura Solutions. ...

2 weeks 6 days ago

A former Insignia Financial C-suite exec has taken on a leadership role at MUFG Retirement Solutions as it announces chief executive Dee McGrath will depart after six yea...

3 weeks ago

TOP PERFORMING FUNDS