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Quote-a-Day Gifts
Insurance facts, terms, people, websites, history, and events in a calendar. Each day of the calendar year contains an interesting reference devoted to the Insurance industry.  Practical, informative and entertaining.

Insurance

October 23, 2018
PrintedOwl.com
The first use of property insurance occurred around 3000 BC in China. Chinese merchants would ensure their goods they shipped overseas through an insuring partner. In the event that a ship was lost at sea or pirated, an insuring partner would reimburse the owners of the ship and goods. In the event of a loss, the merchant would be held into slavery to the insurer until the debt was repaid.
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