Resulted in the displacement of the Lombards in the thirteenth century and the fourteenth of their original homeland (northern Italian cities) to England to the prevalence of the idea of marine insurance, and led to the making of the ancient states in the field of marine insurance and other types of insurance.
The continued practice of insurance business in England without governed by the law or organized system, until (1601), which saw the enactment of Elizabeth, which is the first insurance law sense current, which was the philosopher famous English (Francis Bacon) role in the development of its provisions. The marine insurance and until the mid-sixteenth century exercised by traders as well as other businesses,
And then they need to source provides them with the necessary information about ships and their movements and shipments, and infects loss. They found what They want in cafe (Edward Lloyd's) (1688).
It has been traders gather at this cafe for marine insurance transactions, and individually, as all of them subscribe to their account and on his own responsibility.
And have emerged after the board of Lloyds several companies and various insurance most important (Company of London Insurance) and (company stock ownership Insurance), In (1745) was issued in England a special law of Marine Insurance regulates whereby foundations to conclude contracts in terms of the availability of insurable interest in the insured to hold insurance.
In 1906 a law was passed private insurance is the English Marine Insurance Act of 1906, which excelled and contain the exact wording of the many rules and regulations, which are characterized by the possibility to keep pace with rapid developments in the field of maritime transport.
التسميات
Insurance nautical