Being secured is the major concern of every investor which therefore necessitate an insurance coverage. However, there is always a concern as to what happens when the incident secured against finally happens. Most especially, when fire insurance policies are concern. That therefore forms the...

The Great Fire of London in 1666 reshaped the architecture of London and was a factor in establishing the City as a place of financial innovation. Fire insurance did not emerge immediately after that event because of the difficulties in establishing a viable scheme. Nevertheless, the fire and...

This article examines the history of fire protection in London from the Great Fire of 1666 to the present and argues that many of the popular perceptions of market failure in the provision of fire protection that are repeated in standard economics textbooks are in fact myths. In reality, fire...