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Fire Insurance Marks

In the 1700s, insurance companies ran their own fire brigades, who would fight fires in buildings marked with the company mark (a metal plaque on the building).

Reminiscent of David Friedman's thoughts about Private Law, companies often had contracts whereby company A would also protect fires in company B (in exchange for a fee to be paid once the fire was extinguished).

Interestingly as large companies combined, they began to also fight fires in uninsured buildings, to avoid the spread to their very numerous insured buildings.

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Last modified 2019-06-26 周三 13:35. Contact