Insurance 4 U


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.

History of Insurance
Methods for transferring or distributing risk were practiced by Chinese and Babylonian traders as long ago as the 3rd and 2nd millennia BC, respectively.

Chinese merchants traveling treacherous river rapids would redistribute their wares across many vessels to limit the loss due to any single vessel’s capsizing.

The Babylonians developed a system which was recorded in the famous Code of Hammurabi, c. 1750 BC, and practiced by early Mediterranean sailing merchants.  If a merchant received a loan to fund his shipment, he would pay the lender an additional sum in exchange for the lender’s guarantee to cancel the loan should the shipment be stolen, or lost at sea.

Merchants have sought methods to minimize risks since early times.
Pictured, is a Certificate issued by Republic Fire Insurance Co. of New York c. 1860

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 fire converted the development of insurance “from a matter of convenience into one of urgency, a change of opinion reflected in Sir Christopher Wren’s inclusion of a site for ‘the Insurance Office’ in his new plan for London in 1667”.

A number of attempted fire insurance schemes came to nothing, but in 1681, economist Nicholas Barbon and eleven associates established the first fire insurance company, the “Insurance Office for Houses”, at the back of the Royal Exchange to insure brick and frame homes. Initially, 5,000 homes were insured by his Insurance Office.

The first life insurance policies were taken out in the early 18th century. The first company to offer life insurance was the Amicable Society for a Perpetual Assurance Office, founded in London in 1706 by William Talbot and Sir Thomas Allen.  Edward Rowe Mores established the Society for Equitable Assurances on Lives and Survivorship in 1762.

In the late 19th century, “accident insurance” began to become available.  The first company to offer accident insurance was the Railway Passengers Assurance Company, formed in 1848 in England to insure against the rising number of fatalities on the nascent railway system.

 In 1911, the National Insurance Act

By the late 19th century, governments began to initiate national insurance programs against sickness and old age.  Germany built on a tradition of welfare programs in Prussia and Saxony that began as early as in the 1840s.  In the 1880s Chancellor Otto von Bismarck introduced old age pensions, accident insurance and medical care that formed the basis for Germany’s welfare state.  In Britain more extensive legislation was introduced by the Liberal government in the 1911 National Insurance Act.

This gave the British working classes the first contributory system of insurance against illness and unemployment.  This system was greatly expanded after the Second World War under the influence of the Beveridge Report, to form the first modern welfare state.

Bringing it up to our day the 20th Century and beyond into the future!
We have the need for insurance that was never thought of before.  We just mentioned some of the basic insurance and how they started.

Now, I am listing many other insurance needs that we have today.  I will be discussing and reviewing many of them for you.

Types of Insurance

Auto insurance, Gap insurance, Health insurance, Income protection insurance, Home Owners and Renters Insurance, Casualty insurance, Life insurance, Burial insurance, Property, Liability, Credit, Disability Insurance, Workmen’s Compensation insurance, All Risk Insurance, Medicare Supplements,  Insurance for financing vehicles, Travel Insurance,  plus many other types that you may need.

We would never even think of this before:  Terrorism Insurance.

When you think of all your insurance needs do you feel like the man in the picture?

So, the need for insurance is very necessary today for features of our life that we would not have even considered years ago.

If you have any questions or concerns about your needs please send me an email to 

Thank you,