T4: Fire insurance Flashcards
1
Q
where did fire insurance begin?
A
Royal Exchange - office set up to deal with ship and fire insurance in 1627
2
Q
were fires common?
A
yes
3
Q
why were fires common?
A
tightly packed streets of London
4
Q
what created a greater need for formal insurance policies?
A
Great Fire of London, 1666
5
Q
when was the Great Fire of London?
A
1666
6
Q
what specialist companies were set up to deal with fire?
A
Fire Office 1681
the Friendly Society 1683
7
Q
when was the Fire Office set up?
A
1681
8
Q
when was the Friendly Society set up?
A
1683
9
Q
A
