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The Casualties Board at Lloyds of London, 1886

The Casualties Board at Lloyds of London, 1886


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The Casualties Board at Lloyds of London, 1886

Illustration showing a group of insurance underwriters examining the Casualties Board at Lloyds of London, 1886. Details of wrecked and damaged ships were placed on this board, as many were insured at Lloyd s

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Media ID 4395829

© Mary Evans Picture Library 2015 - https://copyrighthub.org/s0/hub1/creation/maryevans/MaryEvansPictureID/10221183

1886 Casualties Damaged Examining Insurance Wrecked Insured Underwriters


EDITORS COMMENTS
This illustration offers a glimpse into the bustling world of Lloyd's of London in August 1886. The image showcases a group of intently focused insurance underwriters, gathered around the Casualties Board, a critical component of the Lloyd's insurance market. The board, adorned with intricate detail, displays the wrecked and damaged ships that had unfortunately met their end during that period. Many of these ships carried valuable cargos and were insured at Lloyd's, making the Casualties Board a focal point for assessing losses and processing claims. The underwriters, with their serious expressions and meticulous attention to detail, are examining the board to determine the extent of the damages and the corresponding financial impact on the insurance policies. The board itself is filled with an array of decimated vessels, each marked with specific details such as the ship's name, the cause of the damage, and the estimated cost of the loss. This historical illustration offers a fascinating window into the past, providing a tangible connection to the rich maritime history of the late 19th century. It also highlights the crucial role that Lloyd's of London played in the global import and export economy, offering protection and financial security to merchants and shipowners during a time when the risks of the sea were significant. With 21 ships displayed on the Casualties Board in this particular illustration, it serves as a poignant reminder of the inherent dangers and uncertainties that accompanied maritime commerce during this era. The underwriters, with their unwavering dedication and expertise, played a vital role in mitigating these risks and ensuring the continued flow of international trade.

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