Amount of duty paid to government by fire insurance companies

Colonial America gave little thought to life insurance selling. The colonists secured protection against marine risks from private underwriters, first in London, eventually at home. It has been asserted that Philadelphia had no fire insurance until 1752; Boston none before 1795. The first corporations formed in this country for insuring lives were those of the Presbyterian Ministers Fund (1759) and a similar company organized for the benefit of Episcopal ministers (1769). Neither of these corporations offered insurance to the general public. In the last decade of the eighteenth century many insurance companies were formed in the United States. At least five were chartered to underwrite life risks, but only one, The Insurance Company of North America, appears to have accepted any. There is no basis for saying that any of these early companies tried to sell life insurance.

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Sharing the Risk

10.1093/oso/9780198869023.003.0016 ◽

2021 ◽

pp. 281-298

Author(s):

Andrew C. A. Elliott

Keyword(s):

Climate Change ◽

Law Of Large Numbers ◽

Insurance Market ◽

Insurance Companies ◽

Marine Insurance ◽

Fire Insurance ◽

Large Numbers ◽

Mutual Insurance ◽

The Face ◽

Friendly Societies

Insurance makes use of the law of large numbers to mitigate the effects of risks on individuals by allowing them to be shared collectively. Early insurance arrangements arose as friendly societies and mutual insurance companies. Marine insurance has a long history and remains a major insurance market. Fire insurance provides compensation in the face of a capricious and frightening risk, but also invites fraudulent claims. Increasing amounts of information provide challenges for insurance underwriting: can there be too much information? The principle of insurance is that of averaging out of independent risks, but when risks are not independent, as may be the case when it comes to climate change, is there still any role for insurance?

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Farmers' Mutual Fire Insurance Companies in North Carolina

Southern Economic Journal ◽

10.2307/1052838 ◽

1941 ◽

Vol 8 (2) ◽

pp. 260

Author(s):

Harvey Lebrun ◽

Marc C. Leager

Keyword(s):

North Carolina ◽

Insurance Companies ◽

Fire Insurance

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The Fire Prevention Work of Stock Fire Insurance Companies

The Annals of the American Academy of Political and Social Science ◽

10.1177/000271622713000116 ◽

1927 ◽

Vol 130 (1) ◽

pp. 103-107

Author(s):

H.A. Smith

Keyword(s):

Insurance Companies ◽

Fire Prevention ◽

Fire Insurance

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A Few Constructive Phases of Mathematics in Life

Mathematics Teacher ◽

10.5951/mt.19.8.0449 ◽

1926 ◽

Vol 19 (8) ◽

pp. 449-455

Author(s):

W. Paul Webber ◽

J. P. Cole ◽

R. L. O’Quin

Keyword(s):

Young People ◽

Insurance Companies ◽

Agriculture Economics ◽

Fields Of Study ◽

Fire Insurance

In this age no country can compete successfully in business or industry without advanced and specialized scholarship in many fields of study. So well recognized is this that we read in current newspapers that more and more research fellowships are being endowed in our great universities by commercial and industrial corporations. Fire insurance companies are providing facilities for young people to study fire insurance scientifically. Fellowships in agriculture, economics and various other lines are being added to the list. Even fellowships in handling and marketing meat are to be found.

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Forensic Engineering Investigation Of A Cruise Ship Fire

Journal of the National Academy of Forensic Engineers ◽

10.51501/jotnafe.v18i2.591 ◽

2001 ◽

Vol 18 (2) ◽

Author(s):

Thomas P. Shefchick

Keyword(s):

Carbon Dioxide ◽

Insurance Companies ◽

Cruise Ship ◽

Financial Loss ◽

Engine Room ◽

Fire Insurance ◽

Room Fires ◽

Forensic Engineering ◽

Engineering Investigation

Each Year There Are Approximately 50 Major Fires Aboard Ships, Which Result In Financial Loss, Personal Injury And Death. Financial Loss At Sea Instigated The Formation Of Insurance Companies Such As Lloyds Of London, Which Now Provide Fire Insurance For Most Assets. Over A Nine-Year Period From 1977 To 1986, The Liverpool Underwriters Association Reported That 33 Percent Of The Fires Originated In Machinery Spaces, 3.6 Percent Originated In Electrical Installations And 0.5 Percent Originated In Stores. Between 1991 And 1993, 54 Percent Of The Fires Originated In Engine Rooms. The Engine Room Fires Were Often Initiated By An Explosion Or The Result From An Uncontrolled Release Of Flammable Vapors Or Fuel Into The Engine Room. 40 Percent Of All Fires In Engine Rooms Are Extinguished Using Portable Appliances While 18 Percent Are Extinguished By Fixed Carbon Dioxide Systems. Portable Appliances Are Most Effective In The First 15 Minutes And Carbon Dioxide In The First 30 Minutes...A Case Study Of The Investigation Of A Fatal Passenger Cruise Ship Fire Will Be Utilized To Show How The Burn Patterns Differ, How To Determine A Fires Area Of Origin And Possible Causes Of The Fire.

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