1. 61667 POINTS
    Steve Savant
    Syndicated Financial Columnist, Host of the weekly talk show Steve Savant's Money, the Name of the Game, Scottsdale Arizona
    In historical terms, modern insurance was developed in England for cargo and ship protection for merchant commerce. The institution that emerged during those time is the late 1600s was Lloyd's of London located in the financial district of London. In America, the first Presbyterian Ministers Fund was founded in 1759.
    Answered on August 10, 2013
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