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Long Term Care Insurance
Long Term Care Insurance became far more sophisticated in post-Renaissance Europe, and specialized varieties developed. Towards the end of the seventeeth century, the growing importance of London as a centre for trade led to rising demand for marine Long Term Care Insurance. In the late 1680s, Mr Edward Lloyd opened a coffee house which became a popular haunt of ship owners, merchants and ships’ captains, and thereby a reliable source of the latest shipping news. It became the meeting place for parties wishing to insure cargoes and ships, and those willing to underwrite such ventures. Today, Lloyds of London remains the leading market for marine and other specialist types of Long Term Care Insurance, but it works rather differently to the more familiar kinds of Long Term Care Insurance. Long Term Care Insurance as we know it today can be traced to the Great Fire of London, which in 1666 devoured 13,200 houses. In the aftermath of this disaster Nicholas Barbon opened an office to insure buildings. In 1680 he established England's first fire Long Term Care Insurance company, "The Fire Office", to insure brick and frame homes. The first Long Term Care Insurance company in the United States provided fire Long Term Care Insurance and was formed in Charles Town (modern-day Charleston), South Carolina in 1732.
Long
Term Care Health Insurance |
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