HOW MARINE INSURANCE GREW.
« INTERESTING RETROSPECT. Speaking at tho Insurance Institute last night, the president (Mr. R. J. White) described JJarine lusurance as concerned with the wildest elements of naturo troni tho storms of the "roaring torties" to tl)o calms ol' tho doldrums; from the swirl of tho great currents to the gcntlo motion of a Sargasso sea. It considered also the chances of all ships against ■these elements; from tho great Mauritania to the petrol launch of tho yacht club. Marine insurance, invented probably by Jews, was first brought into general uso by Italian merchants, and had now existed from COO to 700 years. Of tho first 300 or 400 years little waa known beyond the fact of its existence, and gradual extension, the manner of its growth was not recorded. At tlio end of that time its usages, such as they were then, began to be written down. This process was carried on in Europe for about a century beforo it reached England, when Lord Mansfield virtually laid the foundations of tho English law of insurance.
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Dominion, Volume 4, Issue 1153, 14 June 1911, Page 6
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178HOW MARINE INSURANCE GREW. Dominion, Volume 4, Issue 1153, 14 June 1911, Page 6
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