3) How did insurance begin? *
2 points
o
It is a very old idea which started back when sailing ships got destroyed or lost their
cargoes
cargo
O
It started in 1893 after the first car accident
O
It started in 1725 after the great London fire destroyed half the city
O
None of these

The correct answer is It started in 1725 after the great London fire destroyed half the city. A person named Nicholas Barbon started the 1st building insurance business in London and later developed a fire insurance corporation.

Later, this insurance coverage expanded into factories, burglaries, car and auto mobile and even personal life insurances.

Today, insurance businesses are among the largest and the most profitable businesses in the world.

Explanation:

3) How did insurance begin? * 2 points o It is a very old idea which started back when sailing ships got destroyed or lost their cargoes cargo O It started in 1893 after the first car accident O It started in 1725 after the great London fire destroyed half the city O None of these

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Otras preguntas

3) How did insurance begin? *
2 points
o
It is a very old idea which started back when sailing ships got destroyed or lost their
cargoes
cargo
O
It started in 1893 after the first car accident
O
It started in 1725 after the great London fire destroyed half the city
O
None of these