Tuesday, November 1, 2016

Rawlings on the Great Fire of London and Fire Insurance

A Plan for Rebuilding London (LC)
Philip Rawlings, Queen Mary University of London, School of Law, has posted The Great Fire of London and the Origins of Fire Insurance: A Brief Note:    
The Great Fire of London in 1666 reshaped the architecture of London and was a factor in establishing the City as a place of financial innovation. Fire insurance did not emerge immediately after that event because of the difficulties in establishing a viable scheme. Nevertheless, the fire and the enthusiasm for financial speculation brought various experiments that eventually led to relatively sophisticated fire insurance schemes.