Napoleon Series Archive 2015

Marine Insurance in the Quasi-War

Marine Insurance in Philadelphia During the Quasi-War with France, 1795–1801

Until the 1790s marine insurance in the United States was organized by brokers
and underwritten by private individuals. Beginning in 1792, however, the private
underwriters had to compete with newly formed marine insurance corporations.
Each organizational form had advantages and disadvantages. This article
uses archival data from a private underwriter and a corporation to study how
the competition between these different organizational forms was affected by a
powerful exogenous shock which substantially increased the risks to American
merchant shipping in the late 1790s: the “Quasi-War” between the United States
and France.

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Marine Insurance in the Quasi-War
Looks interesting