Lloyds Underwriters viewing the Casualties Board, 1890
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Lloyds Underwriters viewing the Casualties Board, 1890
Illustration showing a group of Lloyds underwriters viewing the Casualties Board, for information about damaged and sunk ships, Lodnon, 1890
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Media ID 4396085
© Mary Evans Picture Library 2015 - https://copyrighthub.org/s0/hub1/creation/maryevans/MaryEvansPictureID/10221179
Casualties Damaged In Formation Sunk Viewing Underwriters
EDITORS COMMENTS
This illustration from October 1890 depicts a group of Lloyd's underwriters intently studying the Casualties Board at their London office. The Casualties Board was an essential tool for the underwriters, providing them with up-to-date information about damaged and sunken ships. The board was meticulously compiled and updated regularly, ensuring that the underwriters had the most current information to assess risks and make informed decisions. The illustration shows the underwriters gathered around the board, which is filled with pins representing various ships and their fates. The board is adorned with intricate details, including the names of the ships, their destinations, and the causes of their misfortunes. The underwriters appear focused and engaged, their expressions reflecting the gravity of the information before them. The importance of the Casualties Board in the maritime insurance industry cannot be overstated. It played a crucial role in the formation of the Lloyd's insurance market, which was known for its efficiency and reliability. The board facilitated the exchange of information between underwriters, enabling them to pool risks and offer insurance coverage to shipowners and merchants. This historical illustration offers a fascinating glimpse into the world of Lloyd's underwriters in the late 19th century. It provides a window into the meticulous process of assessing risks and managing losses in the maritime insurance industry. The Casualties Board was a testament to the importance of information and communication in the insurance industry, and it remains a symbol of the resilience and adaptability of the Lloyd's market.
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