Shipping, Where Insurance Got Its Start Shipping insurance is one of the oldest types of insurance. It was born out of a need for merchants to protect their livelihoods in the event of extreme losses during a time when shipping goods across the sea was incredibly...
One of the oldest types of coverage in the world, the ocean marine insurance that we know today was born in the 1600s out of merchants’ desire to protect themselves from the heavy losses they could face in an age when shipping was a very dangerous venture. While some...
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