Editor's comment: Your country needs you
Cuthbert Heath, one of the most innovative and influential Lloyd’s brokers, developed what we would now recognise as business interruption insurance, with the first modern policy issued in London on 1 January 1939, according to LMI Group.
Learning from history is vital, but concerns raised this week suggest the insurance market is failing to do so – as it appears BI policies issued today are still in the same form as when munitions
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