Time Clock, Nov. 28, 1960

GOOD WEATHER INC. will offer tourists the first insurance against rain on European tours. Introduced by Scandinavian Airlines, each day of the 16-day tour is divided into three six-hour segments. The first eight rainy periods are deductible, but after that a policyholder collects $5 for every period in which it rains.

FIRST INSURED TUITION plan for college students will be offered by Prudential and 45 banks. A father can buy a policy while his child is in grade school. If he or his child dies, double indemnity is paid on the face value of the policy. Otherwise the parent receives money...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!