shared risk

Mr. Hunter, his woolen and be beginning of insurance

March 4, 2010 / 0 Comments

Insurance as we know it today started in Mr. Edward Lloyd’s Coffee House in London, England in the late 1600’s. To understand the beginnings I am going to introduce to you a fictional Mr. George Hunter who owns a woolen mill in north central England. Mr. Hunter has a wife, two children and his woolen…

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