Mutual Insurance: Beware the Minefield

The pooling of risk is probably the simplest, most elegant methods of risk management, and was practiced as early as 800BC when Rhodian merchants would pay to insure their goods which are shipped together. This generated a pot of premium, which is in turn utilised to compensate the losses of those whose goods were lost [...]

By | 2017-09-09T13:21:23+01:00 July 2nd, 2015|law news|0 Comments