Jacob Goldstein
Jacob Goldstein spent more than a decade as co-host of the Planet Money podcast. He's also the author of the book Money: The True Story of a Made-Up Thing, which the New…
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In the 1980s, Lloyds of London insured satellites, rock singers’ voices and the legs of sports stars. Everyone was having fun and making money – but disaster was just around the corner.
Lloyds had always operated on the principle of unlimited liability – so the people backing up the insurance policies were expected to pay over all their assets if required. That hardly ever happened – until a series of huge claims hit Lloyds and the insurers suddenly faced huge bills that threatened to destroy the whole operation and the wider economy.
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The Hosts
Robert Smith
Robert Smith, co-host of the Business History podcast, is a Professor of Journalism at Columbia University and contributing host of NPR's Planet Money where he tells stories about how the…
