Do you think the sinking of Titanic hurt life insurance sales?
After reading that a major luxury liner had just gone to the bottom of the ocean with 1,500, you probably wouldn't want to sail at all. But if you had to sail from New York to Europe on business, or from Europe to New York because you were an immigrant who wanted desperately to get out, would you be more inclined or less inclined to buy life insurance?
Heh heh heh. Heh heh heh indeed.
Knowing that J.P. Morgan & Co. actually owned two large subsidiaries selling life insurance helps to put a bit of perspective on the sinking of the Titanic, doesn't it? Morgan may have lost money on the ship, but he rapidly made up the loss in other ways.