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<p>[QUOTE=&quot;lordmarcovan, post: 26673791, member: 10461&quot;][USER=27832]@-jeffB[/USER] found some information after I posted this piece in another thread.&nbsp; Figured I’d repost it here for my own future reference, if nothing else.&nbsp; I knew that this piece was an insurance token of some kind, but was foggy on the backstory.&nbsp; I just knew it was pretty, and had to have it.</p><p><br /></p><p>Sometimes that’s all I need to know to buy a coin.&nbsp; Then I learn more about it later.&nbsp; That’s led me down some interesting roads I never knew existed.&nbsp; They say you should “buy the book before you buy the coin”, but I seldom practice that advice.</p><p><br /></p><p>From the linked page:</p><p><br /></p><p><br /></p><p><font size="4"><b>HISTORICAL BACKGROUND</b></font></p><p><font size="5"><b>INSURANCES</b></font></p><p><font size="3"><b>Under the Old Regime, insurance was above all maritime. It is a contract by which an individual undertakes to repair the losses linked to a shipwreck, for a certain sum which is paid to him in advance.. Thus, for example, we see that in the 18th century, in Bordeaux, maritime insurance was concentrated in the hands of a few large shipowners such as François Bonnaffé. An order of 1681 leaves the greatest freedom in the relationship between insurers and insured, hence the multiplication of players on the market. Still in Bordeaux, we then see the intervention of Parisian, Dutch and English companies. . . Non-maritime insurance became popular late (middle of the 18th century). They most often offer a guarantee against fire. Example: the general insurance company obtained the privilege of Louis XV in 1753 for the guarantee of maritime trade and to insure houses against fire. In the 19th century, we witness the emergence of countless companies, often specialized in very specific sectors, which will allow the development of the economy by pooling risks.. They are complemented by mutual associations and mutual aid.</b></font>[/QUOTE]</p><p><br /></p>

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