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Modern insurance Insurance became far more sophisticated in Enlightenment era Europe, and specialized varieties developed. Lloyd’s Coffee House was the first organized market for marine insurance. Property insurance as we know it today can be traced to the Great Fire of London, which in 1666 devoured more than 13,000 houses. The devastating effects of the … Continue reading

Insurance

Insurance is a means of protection from financial loss. It is a form of risk management primarily used to hedge against the risk of a contingent, uncertain loss. An entity which provides insurance is known as an insurer, insurance company, or insurance carrier. A person or entity who buys insurance is known as an insured … Continue reading

Cartoon for kids part 1

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