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Insurance FYI

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Did you know on April 18, 1906...

San Francisco Earthquake occurs, but no one insured against earthquake. Fire causes most of loss anyway. Cuthbert Heath of Lloyds of London telegraphs his agent in San Francisco giving instructions to “pay all claims.” The reputation of Lloyds soars. Importantly, the concept of “fire following” is born.

Bill Lovallo, Manager of Servicing

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