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INSURANCE
FRAUD AND VOLUNTEER WORKERS
THE CURSE OF BEING DECLINED FOR HEALTH INSURANCE
REAPPLYING FOR AN INSURANCE PLAN--WHY SO DIFFICULT?
GENERIC DRUGS--HOW SAFE ARE THEY?
DANGEROUS LIAISONS--MIXING DRUGS
MEDICAL GUIDELINES FOR INTERNATIONAL WORKERS
THE PROBLEM WITH SPAM FILTERS
MEDICAL ADVICE & INSURANCE TIPS FOR OVERSEAS TRAVELERS
WHY
SOME INSURANCE COMPANIES LOSE MONEY
SHORT
HISTORY OF “LLOYD’S OF LONDON”
DENIED INSURANCE?
WHY DOES IT HURT?
SOME AMAZING STATISTICS ON US HEALTH INSURANCE
SHORT HISTORY OF “LLOYD’S OF LONDON”
Lloyd's of London is a British insurance market, the largest in the world,
with over 317 years in the international arena. Lloyd’s is considered the
most secure place in the world to put a client’s premium. Lloyd’s serves as
a meeting place where multiple financial backers or "members," whether
individuals (traditionally known as "Names") or corporations, come together
to pool and spread risk. Unlike most of its competitors in the reinsurance
market, it is neither a company nor a corporation. (Taken from Wikipedia)
The market began in Edward Lloyd's coffeehouse around 1688 in London. While
Lloyd was only the proprietor of the coffeehouse, his establishment was a
popular place for sailors, merchants, and shipowners. Lloyd catered to them
with reliable shipping news and a variety of services. The shipping industry
community frequented the place to discuss insurance deals among themselves.
This arrangement carried on long after Lloyd's death in 1713 until 1774 when
the participating members of the insurance arrangement formed a committee
and moved to the Royal Exchange as The Society of Lloyd's. The Exchange
burned down in 1838 and, although rebuilt, many of Lloyd's early records
were lost. In 1871, the first Lloyd's Act was passed in Parliament which
gave the business a sound legal footing. The Lloyd's Act of 1911 set out the
Society's objectives, which include the promotion of its members' interests
and the collection and dissemination of information.
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