Insurance originated thousands of years ago when groups would pool resources to protect themselves from losses. The Babylonians created a system over 2100 BC to guarantee safe delivery of goods via caravan. Throughout history, as commerce expanded via ship routes, insurance was used to mitigate risks. The first insurance company was formed in London in 1688 and the first American company in 1735. Insurance grew to be a trillion dollar industry providing protection and employment.
Insurance originated thousands of years ago when groups would pool resources to protect themselves from losses. The Babylonians created a system over 2100 BC to guarantee safe delivery of goods via caravan. Throughout history, as commerce expanded via ship routes, insurance was used to mitigate risks. The first insurance company was formed in London in 1688 and the first American company in 1735. Insurance grew to be a trillion dollar industry providing protection and employment.
Insurance originated thousands of years ago when groups would pool resources to protect themselves from losses. The Babylonians created a system over 2100 BC to guarantee safe delivery of goods via caravan. Throughout history, as commerce expanded via ship routes, insurance was used to mitigate risks. The first insurance company was formed in London in 1688 and the first American company in 1735. Insurance grew to be a trillion dollar industry providing protection and employment.