Top 11 worst insurance scams in history
The greatest maritime tragedy of the 20th century was also marred in rumours of insurance fraud. In 1912, while the final touches were being added to the magnificent and ‘unsinkable’ Titanic, her sister ship the Olympic suffered a slipped propeller blade. This required the vessel to return to the Harland and Wolff shipyard. In an attempt to speed up the ship’s repairs, the Titanic’s propeller shaft was used as a replacement - therefore delaying its maiden voyage by almost three weeks.
But after the Titanic’s tragic sinking, this seemingly innocuous event was enough to set the rumour mill in motion that the Titanic and Olympic were part of a huge insurance scam and that it was actually the Olympic that sank and not the ill-fated Titanic.