ECONOMICS: Calculation

No gambler at Monte Carlo or Santa Anita ever calculates the odds more cold-bloodedly than insurance companies do. After its actuaries had finished figuring, Britain's Sun Life Assurance Society announced last week that its future life policies will not cover death if caused by atom bombs. Explained the Society: "If only one atom bomb were to fall on London we would have to pay out £750,000 [$3,000,000] to policyholders."

The Society did not speculate about what else might happen in that event.

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