I'm not afraid! Send me back to the Bermuda Triangle
Lloyd's of London and the Bermuda Triangle
Since 1688, Lloyd's Of London has been a leader in Maritime Insurance. As such, Lloyd's has been tracking maritime accidents for over three centuries. Becuase Lloyd's potentially loses money with every shipping accident, they establish insurance rates based on the histories of companies and areas of the ocean.
For instance, ships operating in areas where a history of piracy exists will suffer higher premiums. Ships that operate in areas with hidden reefs or other water obstacles will also suffer higher premiums. Places that seem to have more than the usual number of shipping accidents would also be listed as potential insurance risk. Lloyd's of London does not charge higher premiums for ship operating in the area known as the Bermuda Triangle. Why? Statistically the area is as safe as other areas of the Oceans. They don't insure against myths.