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Beskrivning
This book examines the crisis at the famous insurance market, Lloyd's of London, during the late twentieth century, which nearly destroyed the 300-year-old institution. While rapid structural change resulting from system collapse is less common in insurance than in the history of other financial services, one exception was the Lloyd’s crisis.
Robin Pearson is Professor of Economic History at the University of Hull, UK. He has published widely on British and international economic and business history, with a particular focus on insurance.
Innehållsförteckning
Chapter 1: Introduction.- Chapter 2: Lloyd’s: its history and business practices.- Chapter 3: Lloyd’s people: their social composition and political economy.- Chapter 4: Expansion, scandals and frauds – Lloyd’s in the 1970s.- Chapter 5: The first reforms and public scrutiny.- Chapter 6: The school for scandals.- Chapter 7: Liability crisis, LMX spiral and collapse.- Chapter 8: Reform, survival and recovery.- Chapter 9: Conclusions – delusions of competence.- Chapter 10: Epilogue – Lloyd’s redivivus.