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abstractorleads.com - PJ/CA
8/19/2009 12:27:57 PM (4733 views)

Back Forty Abstracts, LLC - Edward Huguenin/SC
8/15/2009 11:48:33 AM (3628 views)

Apex Professionals, LLC - Edward Huguenin/SC
8/15/2009 11:44:53 AM (3555 views)

[+] Eclipse and American Residential Abstracts no pay - Shannon Budziak/VT (19 replies)
8/15/2009 9:19:39 AM (4458 views)

[+] E & O Increase - Helene /GA (7 replies)
8/14/2009 1:30:39 AM (4103 views)




[+] Reutrned doccument fees revisited - Dan Zook/NY (7 replies)
8/13/2009 11:12:31 AM (4017 views)

[-] Why are they called underwriters? - Robert Franco/OH (8 replies)
8/12/2009 10:43:08 AM (4794 views)
Re: Why are they called underwriters? - Ken/TX
8/12/2009 5:40:13 PM (5825 views)
Re: Why are they called underwriters? - Robert Franco/OH
8/13/2009 9:53:17 AM (5582 views)

Well... since you cheated, you can't win anything. That is really a shame, too, because I was all set to award the winner "a vacation to Tahiti, a new Porsche, and $50,000 in cash."

But... yes, that is correct.  In the mid-17th century businessmen would gather in Lloyd's Coffee Shop in London where they would insure merchant ships for their voyages. Those seeking coverage would would post a slip with statements about the voyage, i.e. the type of ship, the destination, cargo, and number of crewmen. These were known as warranties. Those who were willing to insure all or part of the risk would literally write their names under the warranties, along with the amount of risk they were willing to incur.

Interestingly, the warranties were very strictly construed. So, if a merchant warranted that the ship would sail with a crew of at least 30 men, and it left with only 29 - the policy was void.  The insurer would not have to pay even if the ship was lost to a hurricane.

Best,
Robert A. Franco
SOURCE OF TITLE

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Re: Why are they called underwriters? - george Hubka/MI
8/16/2009 5:41:58 PM (5431 views)
Re: Why are they called underwriters? - Robert Franco/OH
8/17/2009 9:57:23 AM (5457 views)
Re: Why are they called underwriters? - Kevin Ahern/CT
8/19/2009 6:59:35 AM (5381 views)
Re: Why are they called underwriters? - george Hubka/MI
8/19/2009 9:37:48 AM (5291 views)
Re: Why are they called underwriters? - Robert Franco/OH
8/19/2009 10:09:42 AM (5401 views)
Re: Why are they called underwriters? - Kevin Ahern/CT
8/19/2009 10:13:50 AM (5720 views)

[+] Owner's Policy with inappropiate Schedule B - edward hartung/OH (4 replies)
8/12/2009 12:27:27 AM (4062 views)

[+] Return Doc fees ???? - george Hubka/MI (13 replies)
8/10/2009 7:13:43 PM (4121 views)

[+] AFX Corp - WAYNE QUICK/NC (11 replies)
8/7/2009 7:39:23 PM (4723 views)

[+] Cutting our own throats $4.75 searches - Mike Creedon/FL (12 replies)
8/7/2009 12:56:47 PM (6225 views)

[+] I'm back... - Robert Franco/OH (3 replies)
8/6/2009 12:42:27 PM (4290 views)

[+] Lot Takedowns - Mandy Harmon/SC (8 replies)
8/5/2009 2:58:42 PM (4145 views)

Input Requested - Debbie Thibodeaux/LA
8/4/2009 1:42:06 PM (3405 views)

[+] Marginal Entries by County Recorder - edward hartung/OH (12 replies)
8/4/2009 12:48:58 AM (4047 views)


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