The Great Fire of London and the invention of insurance

By james read, guest blog author on 21 Aug 2015
Woodcut from 'Shlohavot, or, The burning of London in the year 1666'

Woodcut from ‘Shlohavot, or, The burning of London in the year 1666′

The Great Fire devastated London. There were few recorded deaths, but estimates put the destroyed property value at £10,000,000 (£1.5 billion in today’s money). From the ashes rose an unlikely development: the world’s first property insurance policies.

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