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What The Apollo 11 Crew Did For Life Insurance

Back in 1969 insurance companies weren't very optimistic about the odds of an astronaut making it back to earth after being launched in a rocket to the moon. The cost of life insurance for the Apollo 11 crew was astronomically high so they came up with a clever solution. A month before launch, the astronauts signed hundreds of autographs that were to be sold if they didn't make it back. From the article: "About a month before Apollo 11 was set to launch, the three astronauts entered quarantine. And, during free moments in the following weeks, each of the astronauts signed hundreds of covers. They gave them to a friend. And on important days — the day of the launch, the day the astronauts landed on the moon — their friend got them to the post office and got them postmarked, and then distributed them to the astronauts' families. It was life insurance in the form of autographs."

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Found more than 1 month ago on channel Slashdot

Life, Interrupted: Medical Bills, Insurance and Uncertainty

If you have a chronic illness in America, there's a good chance you also hold a degree in Health Insurance 101 - whether you wanted to or not.

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Found more than 1 month ago on channel New York Times

Small Is Beautiful: NTT Docomo Leads $19M Round In Femtocell Maker Ubiquisys

The boom in smartphone and tablet use is having a knock-on effect for companies that build technology to support those devices. One case in point is UK-based Ubiquisys, makers of femtocell equipment that lets carriers improve indoor cellular coverage by offloading traffic to broadband internet connections, which today announced that it has raised another $19 million in funding, bringing the total raised by the company up to $81 million. This latest venture round is being led by Mobile Internet Capital and Nissay Capital. MIC is the investment vehicle of Japanese mobile giant NTT Docomo; while Nissay is the VC arm of the Nippon Life Insurance Company. Existing investors Accel Partners, Advent Venture Partners, Atlas Venture, 5CCG/Sallfort Privatbank AG and Yasuda also participated.

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Found more than 1 month ago on channel TechCrunch

Icann Applicants For New TLDs Revealed As Part Of ‘Reveal Day’: The Full List

A little bit of a song and dance today from Icann as it released the full list of businesses and other organizations that have applied for their own customized top-level domain names. The full list is here. In a press conference in London to mark what Icann is calling "Reveal Day," Icann's CEO Rod Beckstrom noted that over 500 companies and organizations have paid up tens of thousands of dollars to apply for the TLDs, for nearly 2,000 TLDs. They include some interesting twists: the Charleston Road Registry has applied for ".android" and ".google"; Apple Inc. has applied for ".apple." Two different organizations have applied for ".guardian": the Guardian newspaper and the Guardian Life Insurance Company.

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Found more than 1 month ago on channel TechCrunch