History of insurance
Development of insurance practices and institutions from antiquity to the present
History of insurance
The history of insurance traces the development of the modern business of insurance against risks, especially regarding cargo, property, death, automobile accidents, and medical treatment. The insurance industry helps to eliminate risks (as when fire-insurance providers demand the implementation of safe practices and the installation of hydrants), spreads risks from individuals to the larger community, and provides an important source of long-term finance for both the public and private sectors.
Read on Wikipedia · Image N. Hurd, engraver, Public domain
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