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Fire Insurance
Property insurance provides protection against most risks to property, such as fire, theft and some weather damage. This includes specialized forms of insurance such as fire insurance, flood insurance, earthquake insurance, home insurance, or boiler insurance. Property is insured in two main ways—open perils and named perils. Open perils cover all the causes of loss not specifically excluded in the policy. Common exclusions on open peril policies include damage resulting from earthquakes, floods, nuclear incidents, acts of terrorism, and war. Named perils require the actual cause of loss to be listed in the policy for insurance to be provided. The more common named perils include such damage-causing events as fire, lightning, explosion, cyber-attack, and theft. History Property insurance 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 conv ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Tornado Damage, Illinois 2
A tornado is a violently rotating column of air that is in contact with the surface of Earth and a cumulonimbus cloud or, in rare cases, the base of a cumulus cloud. It is often referred to as a twister, whirlwind or cyclone, although the word cyclone is used in meteorology to name a weather system with a low-pressure area in the center around which, from an observer looking down toward the surface of the Earth, winds blow counterclockwise in the Northern Hemisphere and clockwise in the Southern Hemisphere. Tornadoes come in many shapes and sizes, and they are often (but not always) visible in the form of a funnel cloud, condensation funnel originating from the base of a cumulonimbus cloud, with a cloud of rotating debris and dust beneath it. Most tornadoes have wind speeds less than , are about across, and travel several kilometers (a few miles) before dissipating. The Tornado records#Highest winds observed in a tornado, most extreme tornadoes can attain wind speeds of mo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economics
Economics () is a behavioral science that studies the Production (economics), production, distribution (economics), distribution, and Consumption (economics), consumption of goods and services. Economics focuses on the behaviour and interactions of Agent (economics), economic agents and how economy, economies work. Microeconomics analyses what is viewed as basic elements within economy, economies, including individual agents and market (economics), markets, their interactions, and the outcomes of interactions. Individual agents may include, for example, households, firms, buyers, and sellers. Macroeconomics analyses economies as systems where production, distribution, consumption, savings, and Expenditure, investment expenditure interact; and the factors of production affecting them, such as: Labour (human activity), labour, Capital (economics), capital, Land (economics), land, and Entrepreneurship, enterprise, inflation, economic growth, and public policies that impact gloss ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Actual Cash Value
In the property and casualty insurance industry, actual cash value (ACV) is a method of valuing insured property, or the value computed by that method. Actual cash value (ACV) is not equal to replacement cost value (RCV). Actual cash value is computed by subtracting depreciation from replacement cost. The depreciation is usually calculated by establishing a useful life of the item determining what percentage of that life remains. This percentage multiplied by the replacement cost equals the actual cash value. For instance, imagine a man bought a television set for $2,000 five years ago, which was unfortunately destroyed in a hurricane. His insurance provider estimates that televisions typically have a useful life of 10 years. Today, a similar television would cost $2,500. The damaged television had 50% (5 years) of its life remaining. According to insurance calculations, the Actual Cash Value (ACV) is determined by multiplying the current replacement cost of $2,500 by the remai ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Philadelphia Contributionship For The Insurance Of Houses From Loss By Fire
The Philadelphia Contributionship for the Insurance of Houses from Loss by Fire is the oldest property insurance company in the United States. It was organized by Benjamin Franklin in 1752 and incorporated in 1768. The Contributionship's building, at 212 S. 4th Street between Walnut and Locust Streets in the Society Hill neighborhood of Philadelphia, was built in 1835-36 and was designed by Thomas U. Walter in the Greek Revival style, with Corinthian columns. The portico was replaced in 1866 by Collins and Autenreith, who also expanded the living quarters on the top two floors by adding a mansard roof. A marble cornice between the third and fourth floors was also added. The building was listed on the National Register of Historic Places in 1971 and was designated a National Historic Landmark in 1977. and History The Philadelphia Contributionship (TPC) was founded in 1752, largely through the efforts of Benjamin Franklin. It was structured as a mutual insurance organ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Perpetual Insurance
Perpetual insurance is a type of homeowner's insurance policy written to have no term, or date, when the policy expires. From the effective start date, the coverage exists for perpetuity. The insured deposits money, called a deposit premium, with the insurer for insurance for the life of the risk. The deposit is many times larger than the cost of a non-refundable, annual premium for an equivalent policy with a one-year term. The insurer must earn enough income from investing the deposits to cover losses and operating expenses for the model to be economically viable. Upon cancellation, the insured is entitled to a full refund of the initial deposit premium, usually without interest. Perpetual insurance, first issued in the U.S. in Philadelphia in 1752, is still used for fire and homeowner's insurance. In the United States, there are also tax advantages to perpetual insurance. The deposit premium does not yield any income to the insured. However, the expense of the annual ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Benjamin Franklin
Benjamin Franklin (April 17, 1790) was an American polymath: a writer, scientist, inventor, statesman, diplomat, printer, publisher and Political philosophy, political philosopher.#britannica, Encyclopædia Britannica, Wood, 2021 Among the most influential intellectuals of his time, Franklin was one of the Founding Fathers of the United States; a Committee of Five, drafter and signer of the United States Declaration of Independence, Declaration of Independence; and the first United States Postmaster General, postmaster general. Born in the Province of Massachusetts Bay, Franklin became a successful Early American publishers and printers, newspaper editor and printer in Philadelphia, the leading city in the colonies, publishing ''The Pennsylvania Gazette'' at age 23. He became wealthy publishing this and ''Poor Richard's Almanack'', which he wrote under the pseudonym "Richard Saunders". After 1767, he was associated with the ''Pennsylvania Chronicle'', a newspaper known for it ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Colonial America
The colonial history of the United States covers the period of European colonization of North America from the late 15th century until the unifying of the Thirteen British Colonies and creation of the United States in 1776, during the Revolutionary War. In the late 16th century, England, France, Spain, and the Dutch Republic launched major colonization expeditions in North America. The death rate was very high among early immigrants, and some early attempts disappeared altogether, such as the English Lost Colony of Roanoke. Nevertheless, successful colonies were established within several decades. European settlers came from a variety of social and religious groups, including adventurers, farmers, indentured servants, tradesmen, and a very few from the aristocracy. Settlers included the Dutch of New Netherland, the Swedes and Finns of New Sweden, the English Quakers of the Province of Pennsylvania, the English Puritans of New England, the Virginian Cavaliers, the Engl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
RSA Insurance Group
RSA Insurance Group Limited ( trading as RSA, formerly RSA Insurance Group plc and Royal and Sun Alliance) is a British multinational general insurance company headquartered in London, England. RSA has major operations in the United Kingdom, Ireland, Scandinavia and Canada. It provides insurance products and services in more than 100 countries through a network of local partners. It has 9 million customers. RSA was formed by the merger of Sun Alliance and Royal Insurance in 1996. RSA was listed on the London Stock Exchange until it was acquired by Danish insurer Tryg and Canada's Intact Financial Corporation in May 2021. The transaction closed on 1 June 2021. History RSA was formed by the merger of Sun Alliance and Royal Insurance in 1996. On 4 February 2014, it was announced that Stephen Hester, former CEO of RBS Group, would become CEO of RSA with immediate effect. In 2014/15, Hester led a major restructuring of RSA to bolster its finances. Many non-core overs ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
London
London is the Capital city, capital and List of urban areas in the United Kingdom, largest city of both England and the United Kingdom, with a population of in . London metropolitan area, Its wider metropolitan area is the largest in Western Europe, with a population of 14.9 million. London stands on the River Thames in southeast England, at the head of a tidal estuary down to the North Sea, and has been a major settlement for nearly 2,000 years. Its ancient core and financial centre, the City of London, was founded by the Roman Empire, Romans as Londinium and has retained its medieval boundaries. The City of Westminster, to the west of the City of London, has been the centuries-long host of Government of the United Kingdom, the national government and Parliament of the United Kingdom, parliament. London grew rapidly 19th-century London, in the 19th century, becoming the world's List of largest cities throughout history, largest city at the time. Since the 19th cen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
St Martin's Lane
St Martin's Lane is a street in the City of Westminster, which runs from the church of St Martin-in-the-Fields, after which it is named, near Trafalgar Square northwards to Long Acre. At its northern end, it becomes Monmouth Street, London, Monmouth Street. St Martin's Lane and Monmouth Street together form the B roads in Zone 4 of the Great Britain numbering scheme, B404. History The street was first built up in 1610 when Robert Cecil, 1st Earl of Salisbury was granted of land on the street's west side. It was originally known as West Church Lane; the current name dates from 1618. A narrow street with relatively little traffic, St Martin's Lane is home to the English National Opera at the Coliseum Theatre, as well as two other theatres, the Duke of York's Theatre and the Noël Coward Theatre, second-hand bookshops, antique dealers and high class gentlemen's outfitters. It also has a large number of cafes and a music shop aimed at opera and theatre goers. The theatrical agen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hand In Hand Fire & Life Insurance Society
The Hand in Hand Fire & Life Insurance Society was one of the oldest British insurance companies. History The company was founded in 1696 at Tom's Coffee House in St Martin's Lane in London. It was one of three fire insurance companies started after the Great Fire of London The Great Fire of London was a major conflagration that swept through central London from Sunday 2 September to Wednesday 5 September 1666, gutting the medieval City of London inside the old London Wall, Roman city wall, while also extendi ..., and it was initially called the Contributors for Insuring Houses, Chambers or Rooms from Loss by Fire, by Amicable Contribution. In 1905, the Hand in Hand was acquired by the Commercial Union Group. References {{DEFAULTSORT:Hand in Hand Fire and Life Insurance Society Companies based in the City of Westminster Insurance companies of the United Kingdom Financial services companies established in 1696 Financial services companies disestablished in 1905 F ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Fire Insurance Mark
Fire insurance marks are metal plaques marked with the emblem of the insurance company which were affixed to the front of insured buildings as a guide to the insurance company's fire brigade. These identification marks were used in the eighteenth and nineteenth century in the days before municipal fire services were formed. The UK marks are called 'fire insurance plaques'. The first to use the mark was the Sun Fire Office which was established in 1710. Some period specimens remain on historical buildings in the older areas of Britain's and America's cities and larger towns. Cast metal plaques were made of iron, lead, or sometimes brass. Embossed sheet metal signs were also made, as well as flat enamel signs – the latter mostly in Continental Europe in the later 19th century. Period specimens may have high value among antiques collectors, leading to illicit creation of fakes. Also, nostalgic reproductions have been made since the early 20th century for decorative purposes. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
